 "ED issues provisional attachment order against Shekhar Reddy under PMLA")
The Enforcement Directorate, Chennai, has provisionally attached property worth Rs 33,74,92,000 belonging to J Sekhar Reddy and his associates, in connection with the exchange of old notes for new currency notes under the provisions of Prevention of Money Laundering Act, 2002 (PMLA).
The Directorate of Enforcement is conducting an investigation under PMLA against Reddy and others based on the Central Bureau of Investigation (CBI) cases registered against them in relation to the seizure of about Rs 34 crore of new currency notes from them by the Income Tax department.
He was examined under the provisions of
