YSRCP boss Jaganmohan Reddy and his co-accused persons and companies who have been named in the 11 charge sheets filed by the CBI are all set to land in fresh trouble with the Enforcement Directorate all set to start another round of attachments regarding the proceeds of crime.”
The agency has so far attached properties worth Rs. 1,500 crore under the Prevention of Money Laundering Act for four CBI charge sheets. After recording statement of industrialist Nimmagadda Prasad earlier in September, the ED is reportedly hopeful of identifying more properties for attachment purpose.
This is especially in the Vadarevu and Nizampatnam Industrial Corridor (VANPIC) project case. The court has already reportedly confirmed attachment of assets worth Rs. 863 crore against Jagan Reddy, Prasad and others.
The Rs.95-crore allegations of quid pro quo received by Jagan Reddy’s Raghuram Cements from Dalmia Cements for an allotment of nearly 1,000 acres of limestone mines was reportedly identified and sources say that the process of singling out attachable assets has been initiated.
