Initiating what can be called as the biggest ever criminal actions in a money laundering case, the Enforcement Directorate (ED) reportedly attached assets worth Rs 863 crore belonging to YSRCP chief Jaganmohan Reddy and his close associates as part of its probe into alleged corruption scandal in an infrastructure project.
The agency also issued separate notices against Jagan and Nimmagada Prasad whose companies were alleged to have favoured by YSR for the VANPIC project with an aim of developing sea port and a green field airport in Prakasam and Guntur districts.
The ED initiated a criminal probe in 2012 under the Prevention of Money Laundering Act (PMLA) against the individuals and associated firms on the basis of a CBI FIR in this case.
ED has claimed that illegal gains worth Rs 1426.17 crore was made to Prasad during acquisition of lands and Rs 854.54 crore was given to Jagan and his companies as part of quid pro quo. With Jagan hinting that he may not align with Congress, sources say that Congress is becoming careful that he doesn’t turn into KCR.
