October 4, 2012 8:25 PM

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ED attaches properties of Jaga Reddy in money laundering case

The Enforcement Directorate today attached properties of Kadapa Lok Sabha Member and YSR congress party President Jaganmohan Reddy in a money laundering case against him. The authorities in the Directorate have issued attachment orders over the properties to a tune of 51 crore rupees relating to different companies owned by the kadapa Lok Sabha Members and his associates. The managements of the effected companies have confirmed the attachment.

The Central Agency has been questioning the Kadapa Loksabha Member for the past few months. The attached properties included 13 acres of land and deposits worth over 14 crore rupees are of two companies owned by Jaganmohan Reddy. Jaganmohan Reddy is presently in Chanchalguda Central Jail on judicial Remand in connection with the disproportionate assets case. The senior officials at the ED said the attachment order was issued under the stringent provisions of the prevention of money laundering act.

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