Leader of the opposition in AP assembly, YSRCP president Jagan Mohan Reddy got huge shock as the Enforcement Directorate decided to attach his assets worth Rs 749 crs including his house. 


ED has taken this decision in continuation with its investigation with regards to his connection in money laundering probe against Jagan. The assets attached by the ED include movable properties worth Rs 344.38crore and immovable once worth Rs 404.72crs.


ED in its provisional order attached his posh Lotus Pond residence in Jubilee Hills,Hyderabad and also Commerce@Mantri property in Bengaluru.ED also attached  Classic Realty Private Ltd., Utopia Infrastructure, Nivish Infrastructure, Inspire Hotels, Revan Infra, Bhagavath Sannidhi, Shalom Infrastructure, Marvel Infrastructure, Silicon Builders, Sandur Power Company and other group companies in Telangana, Andhra Pradesh and Karnataka.


ED informed that a criminal case was registered against Jagan Mohan Reddy and others under the Prevention of Money Laundering Act (PMLA) based on a chargesheet filed by the Central Bureau of Investigation (CBI) in 'quid pro quo' case.
It is known that Jagan spent 16 months in jail after he was arrrested in May 2012. He was out on bail since 2013. 


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