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HindustanTimes Sat,19 Apr 2014

ED attaches Jagan assets in laundering case

HT Correspondent , Hindustan Times  New Delhi, January 08, 2013
First Published: 13:05 IST(8/1/2013) | Last Updated: 01:20 IST(9/1/2013)

The enforcement directorate (ED) has attached YSR Congress party chief Jagan Mohan Reddy’s assets worth Rs. 143.74 crore, terming them as ‘proceeds of crime’.

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Sources said the move, a provisional attachment order issued under the Prevention of Money Laundering Act, was in connection with the ED’s ongoing probe in a  money laundering case against Reddy.

Earlier, the ED issued two attachment orders worth Rs. 51 crore and Rs. 71 crore in the case. The agency is planning to issue a few more attachment orders in the case.

The agency is probing the case on the basis of the FIR filed by CBI to investigate alleged disproportionate assets amassed by Reddy.

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