Enforcement Directorate will take possession of properties worth 122 crore rupees of YSR Congress chief Jagan Mohan Reddy in connection with money laundering probe against him and his associates. The Adjudicating Authority of the Prevention of Money Laundering Act approved two separate attachment orders valued at 51 crore rupees and 71 crore rupees of the agency paving way for their immediate seizure by the ED.

The step will ensure that the parties involved in these two cases will not be able to derive benefits of these properties by way of selling, leasing, renting or using these assets.

The attachment order, issued under stringent provisions of PMLA, was also against private companies which were illegally benefited as a result of criminal activity and illegal sanctions granted during the tenure of Y S Rajasekhara Reddy.