A key development took place in the case of YSRCP president YS Jagan Mohan Reddy ‘s Disproportionate assets case. The Affiliate Tribunal has faulted the Enforcement Directorate for the confiscation of Rs 34.64 crore of three businessmen who invested in Jagathi publication.
It has dismissed ED orders and Asked how the fraudulent investments would become money laundering. With this, ED has to face a setback in Jagan’s case. The Tribunal dismissed orders issued by the ED in 2013 for the temporary confiscation of 34.64 crores.
TR Kanaan, AK Dandamudi and Madhav Ramachandran are the three business who have invested 34.64 crores in Jagathi Publications.
This led to a backlash in the appeal court in the case of Jagan. Jagati Publications Rs. TRAI Kananan, Ekay Dandumudi and Madhav Ramachandran, three traders in the Jagathy Publications, have been given 34.64 crores.