
New Delhi: The adjudicating authority of the anti-money laundering Act in New Delhi has summoned YSR Congress chief Jagan Mohan Reddy and others in connection with an ED attachment order worth Rs 51 crore.
The Enforcement Directorate, in October, had issued attachment orders against Reddy and his associates in connection with its money laundering probe and the authority will now confirm or reject the same after hearing both the sides.
ED's special director officiates as the adjudicating authority under the provisions of the Prevention of Money laundering Act (PMLA) and, according to sources, Jagan or his authorised representative can represent his side during the submission in this case scheduled for December.
A similar exercise will be carried out by the authority regarding a Rs 71 crore attachment order against Dubai-based Emaar Properties and its joint venture Emaar MGF, early in December....
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07:21 PM, Nov 06, 2012