A special anti-money laundering court in Delhi has confirmed an attachment of assets order worth over Rs 749 crore issued by the Enforcement Directorate (ED) against YSR Congress chief Y S Jagan Mohan Reddy, his wife and others in a money laundering case.
Jagan’s attached properties identified in the form of movable (Rs 404,72,32,182) including shares and FDs. and also include real estate and fixed assets of various companies worth Rs 344 crore totally valued at Rs 749.10 crore across Telangana, Andhra Pradesh and Karnataka.
A case of money laundering was registered against Jagan and others by ED under the Prevention of Money Laundering Act (PMLA), 2002. According to ED Jagan laundered the proceeds of crime through his group companies M/s Sandur Power Company Pvt Ltd, M/S Classic Realty Pvt Ltd, M/s Silicon Builders Pvt Ltd, M/s Saraswati Power and Industries Pvt Ltd and 10 other firms in the form of investments, purchase of movable and immovable properties, third party payments, etc.