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Jagan Reddy money laundering case: ED attaches Rs 148 cr assets

ED attached land worth Rs 148.89 cr under PMLA of companies of Nimmagadda Prasad

Press Trust of India  |  Hyderabad 

File photo of Y S Jagan Mohan Reddy (Photo: Wikimedia Commons)
File photo of Y S Jagan Mohan Reddy(on the left) (Photo: Wikimedia Commons)

The ED has attached assets worth over Rs 148 crore in connection with its money laundering probe in cases related to YSR leader Jagan Mohan Reddy and others, the agency said.

"ED attaches land worth Rs 148.89 crore in under of companies of in YS Jagan Mohan Reddy case," the agency said.

A provisional attachment order under the has been issued, a senior official said.

The ED began its probe against the politician and his associates on the basis of a FIR that stated that since "May 2004, Jagan floated number of companies wherein quid pro quo have been made by beneficiaries from decisions of the state in various forms like SEZs (special economic zones), irrigation contracts, relaxation/permission for real estate ventures, mines among others.

First Published: Fri, July 28 2017. 16:38 IST