The Enforcement Directorate has attached assets worth 143.74 crore rupees in connection with its probe in the money laundering case against YSR Congress party chief Jagan Mohan Reddy.The attachment order, under criminal provisions of the Prevention of Money Laundering Act (PMLA), is the third by the agency after it issued two separate attachment orders of 51 crore and 71 crore rupees earlier.
The attachment order said,properties attached from Ms Ramky Pharma City (India) Limited are approximately 135.46 acres of land and deposit of 3.20 crore rupees in mutual funds and fixed deposits for 10 Crore rupees from Jagati Publications Private Limited held by Jagan Reddy.
The agency is probing the case on the basis of the FIR filed by CBI to investigate alleged disproportionate assets amassed by Jagan especially during the tenure of his father the late Andhra Pradesh Chief Minister Y S Rajasekhara Reddy.
An ED attachment is an enforcement action under anti-money laundering laws to restrict the accused from taking benefit out of the properties or assets they have created through illegal means.The accused parties can appeal against the order with the Adjudicating Authority .