Hyderabad: YSR Congress chief Jagan Mohan Reddy's judicial custody ends on Monday and he will be produced before a Hyderabad court via video conferencing. Jagan has been lodged in Chanchalguda prison since his arrest by Central Bureau of Investigation (CBI) on corruption charges.
The ED had on May 31 frozen fixed deposits worth more than Rs 34 crore of a media firm owned by Reddy in connection with the money laundering probe against him and others. With this fourth attachment order, the agency has attached more than Rs 300 crore worth of assets and properties belonging to Jagan and others in the disproportionate assets case being probed jointly by the ED and CBI.
The fixed deposits with a total value of Rs 34.66 crore, which have been termed in the order as "proceeds of crime", are in the Jubilee Hill branch of Oriental Bank of Commerce in Hyderabad in the name of Jagati Publications Limited, a firm owned by the Member of Parliament (MP) from Kadapa in Andhra Pradesh.
An ED attachment, under the criminal provisions of the Prevention of Money Laundering Act (PMLA), is an action meant to deprive the accused of properties sourced out of illegal means or through proceeds of crime....
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07:38 AM, Jun 17, 2013
The special CBI court on Wednesday extended the judicial custody of Kadapa MP and YSR Congress chief YS Jaganmohan Reddy till March 20 in the disproportionate assets case against him. Jagan, former minister Mopidevi Venkata Ramana Rao, industrialist Nimmagadda Prasad, senior bureaucrat KV Brahmananda Reddy (all accused in Vanpic aspect of the Jagan assets case) and other accused, lodged in Chanchalguda Central Prison, were produced before the court through video-conference....
07:43 PM, Mar 13, 2013
New Delhi: The Supreme Court rejected YSR Congress chief Jagan Mohan Reddy's bail plea on Friday. Jagan Mohan has been in Chanchalguda prison in Hyderabad ever since his arrest nearly four months ago in connection with the disproportionate assets case. The CBI has said that it will take three more months to complete the investigation against him. There are nine cases against Jagan. YSR Congress honorary president YS Vijayalakshmi had...
01:07 PM, Oct 05, 2012
Hyderabad: Jagan Mohan Reddy's party, the YSR Congress swept the Andhra Pradesh by-polls, winning 15 of the 18 Assembly seats and grabbing the Nellore Lok Sabha seat. The Congress managed to win two seats. It fared poorly in the 16 others, coming in at third in ten seats, ranking fifth in one and getting its deposits forfeited in five other seats. The Telangana Rashtra Samithi (TRS), meanwhile won the seat...
03:25 PM, Jun 15, 2012
Hyderabad: Kadapa MP YS Jagan Mohan Reddy's first day of questioning revolved around crores of investments that flowed into his companies allegedly through hawala routes. The CBI also sought to know the alleged pressure exerted by the MP and his late father and chief minister YS Rajasekhara Reddy, on the then investments and infrastructure minister Mopidevi Venkata Ramana Rao with regard to the Vanpic deal. The CBI, according to sources,...
10:44 AM, Jun 04, 2012
