ED attaches Jagan’s Lotus Pond and Mantri

jagan-lotuspond-84747The Enforcement Directorate (ED) has attached YSRCP chief Jaganmohan Reddy’s assets worth over Rs 749 crore.

Of the Rs 749 crore, movable properties worth Rs 344.38 crore and immovable worth Rs 404.72 crore, including his Lotus Pond residence in Hyderabad, Commerce@Mantri in Bangalore, in connection with its money laundering probe against him.

The attached properties include

Classic Realty Private Ltd
Utopia Infrastructure
Nivish Infrastructure
Inspire Hotels
Revan Infra
Bhagavath Sannidhi
Shalom Infrastructure
Marvel Infrastructure
Silicon Builders
Sandur Power Company

ED registered criminal case against the Jagan under the Prevention of Money Laundering Act (PMLA) based on a charge sheet filed by the Central Bureau of Investigation (CBI) in ‘quid pro quo’ case. The ED had already attached assets worth over Rs 1,000 crore in connection with the cases.