Begin typing your search above and press return to search.
ED attaches Rs 749 crore of Jagan Assets
By: Tupaki Desk | 29 Jun 2016 4:38 PM GMT
The Enforcement Directorate Today attached YSR Congress chief YS Jaganmohan Reddy and his YS Bharathi Reddy's assets to the tune of Rs 749.10 crore in connection with the Money Laundering Case.
CBI filed a charge sheet accusing YS Jaganmohan Reddy of conspiring with then AP Government ruled by his Father YS Rajasekhar Reddy sanctioning mining lease to M/s Bharathi Cement Corporation. ED has done the investigation and filed a report confirming Jagan's quid-pro-quo deals. Jagan's other firms Silicon Builders, Sandur Power Company, Saraswati Power and Industries, Classic Realty and several suitcase companies were involved in the crime.
ED Joint Director (Hyderabad Zone) SA Umashanker Goud informed that total properties attached include Movable Assets (Rs 404.72 crore) and Immovable Assets (Rs 344.38 crore). These immovable properties were located in Telugu States and Karnataka.
CBI filed 11 charge sheets against YS Jagan and Named him as Accused No.1. His Auditor Vijay Sai Reddy was named as Accused No. 2 in all of them.
CBI filed a charge sheet accusing YS Jaganmohan Reddy of conspiring with then AP Government ruled by his Father YS Rajasekhar Reddy sanctioning mining lease to M/s Bharathi Cement Corporation. ED has done the investigation and filed a report confirming Jagan's quid-pro-quo deals. Jagan's other firms Silicon Builders, Sandur Power Company, Saraswati Power and Industries, Classic Realty and several suitcase companies were involved in the crime.
ED Joint Director (Hyderabad Zone) SA Umashanker Goud informed that total properties attached include Movable Assets (Rs 404.72 crore) and Immovable Assets (Rs 344.38 crore). These immovable properties were located in Telugu States and Karnataka.
CBI filed 11 charge sheets against YS Jagan and Named him as Accused No.1. His Auditor Vijay Sai Reddy was named as Accused No. 2 in all of them.
