ED attach 7 crore properties in Jagan’s case

jagan1The Enforcement Directorate has attached properties worth Rs.7.85 crore in connection with YSRCP president Jaganmohan Reddy’s Disproportionate assets case.

ED attaches properties of Jagan’s close aide Prathap Reddy’s Penna Cement Industries Ltd and Pioneer Holiday Resorts Ltd which include lands in Anantapur of AP and part of a hotel building in Banjara Hills in Hyderabad.

According to CBI charge sheet, Prathap Reddy paid bribes to Jagan in form of investments in his group companies as quid pro quo for the undue favours . Both the above companies received undue favours from AP government during YSR regime.

ED has already attached assets worth over 1k crore in Jagan’s cases.