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Friday, July 1, 2016

Enforcement Directorate(ED)Attaches Rs 749 Crore Assets of YSR Chief Jagan, His Wife Wednesday June 29,2016

Enforcement Directorate on Wednesday attached properties worth Rs 749.10 crore belonging to YSR Congress chief YS Jagan Mohan Reddy and his wife YS Bharathi Reddy in connection with its probe in a money laundering case.

The agency launched the investigations on the basis of a chargesheet filed by the CBI accusing Jagan, son of then Andhra Pradesh chief minister YS Rajasekhar Reddy, of entering into a criminal conspiracy with others to get a mining lease allotted to M/s Bharathi Cement Corporation Private Ltd of which Bharathi is the chairman.

Jagan received bribes from various persons/companies in the guise of investments in his group companies as a quid pro quo for undue favours granted to them by the Andhra Pradesh government, the ED said in a statement.

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