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Properties worth over Rs. 47 crore of Jaganmohan Reddy attached in money laundering case by ED

The Enforcement Directorate has attached properties worth over Rs. 47 crore of YSR Congress chief Jaganmohan Reddy’s properties in money laundering case, as per reports on Monday.

On September 09, 2014 thw Central Bureau of Investigation (CBI) had filed 11th chargesheet against Reddy in ‘quid-pro-quo’ investments case.

The charge sheet filed in a special court had names of 14 accused including Reddy, his aide and financial advisor Vijay Sai Reddy and Indu Projects Ltd (Housing).

The agency had filed the chargesheet in the court of principal special judge for CBI cases with regard to Indu Projects Ltd (Housing), which allegedly made investments to the tune of Rs.70 crore in Jagan’s firms in return for the alleged favours bestowed by the then government of his father YS Rajasekhara Reddy.

The accused had been charged with cheating, criminal conspiracy, forgery and criminal breach of trust.

Jagan was arrested by the CBI in 2012 and released on bail last year.

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