New Delhi/Hyderabad: The Enforcement Directorate on Thursday issued attachment orders on properties worth Rs 51 crore in its money laundering probe against YSR Congress chief Jagan Mohan Reddy and his associates.
The agency, which has questioned Jagan extensively in the past few months, has attached more than 13 acres of land of Ms Janani Infrastructure Private Limited and fixed deposits worth Rs 14.50 crore of Ms Jagati Publication Limited as "kickbacks allegedly received in lieu of granting favours" to private entities. Both the companies are owned by Jagan.
The MP is at present lodged in the Chenchalguda central prison in the state capital under the judicial custody of the Central Bureau of Investigation (CBI) which is probing him and others in an alleged corruption and cheating case during the reign of his father and the then Andhra Pradesh Chief Minister YS Rajasekhara Reddy.
The attachment order, issued under the stringent provisions of the Prevention of Money Laundering Act (PMLA), was also against private companies which were "illegally benefited as a result of criminal activity" and illegal sanctions granted during the tenure of YS Rajasekhara Reddy....more
09:26 PM, Oct 04, 2012