The state government is contemplating a proposal to attach the properties of YSR Congress president Y.S. Jagan Mohan Reddy under the provisions of the Criminal Law Amendment Ordinance, 1944 . With this move Jagan’s Dookudu may end soon as his financial power will be in hands on government.
According to highly-placed sources, the state government, after discussing with the Central Bureau of Investigation, has decided to accord sanction to the agency to move an application before the concerned court for attachment of Mr Jagan Mohan Reddy’s properties, particularly holdings by his Jagathi Group of Publications.
The Ordinance enables the state to attach the money or other property of any person which the state or the Centre believes was procured by committing an offence. Even before the court takes cognisance of the offence, the Ordinance empowers the state to attach the property of a person if it has reason to believe that the person has committed a scheduled offence, a legal expert clarified. The CBI’s chargesheets filed before the special CBI Court, charge Mr Jagan Mohan Reddy with amassing wealth by using the good offices of his father’s (YSR’s) government to get investments in his companies