ED attaches Jagan assets in laundering case

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.’

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’.

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.