Jagan’s properties at high risk

Jagan’s properties at high risk

The Enforcement Directorate is looking at legal options to attach the properties of Mr Jagan Mohan Reddy under the Prevention of Money Laundering Act. It may be noted that three GOs were issued paving the way for attachment of properties in the Jagan Mohan Reddy in the illegal assets case and the Emaar scam. The civil court had earlier rejected the petitions filed by the CBI as there was no clarity about the owners of the properties and their locations.

In the current petition filed by the CBI, the investigating agency has mentioned the names of the family members who are owners of the properties. In the Emaar case, the CBI has sought permission to attach properties of accused Mr Prasad and Mr Jagan Mohan Reddy’s close aide Sunil Reddy. In Mr Prasad’s case, it is understood that the investigating agency has named Vimala, Madhu, Prashanth and Pradeep as owners of the properties which are to be attached. The CBI has also stated that the properties are spread across Vizag, Bheemunipatnam, Bogapuram, Vizianagaram and Sabbavaram.