Hyderabad, Jan 3 (UNI) Enforcement Directorate (ED) on Wednesday attached assets
worth Rs 117.74 crore in connection with Prevention of Money Laundering probe in cases related to
YSR Congress President Jagan Mohan Reddy and others.
ED attached movable and immovable assets worth of Rs 117.74 crore under the PMLA
(Prevention of Money laundering Act) of companies of I. Syam Prasad Reddy, Indu Projects,
Embassy Property Developments and Vasantha Projectrs in Indu-APHB case related to Jagan,
the agency said.
A provisional attachment order under the PMLA was issued by the central probe agency's
zonal office here.
The ED began its probe against the politician and his associates on the basis of a FIR by the
Central Bureau of Investigation (CBI) that stated since “May 2004, Jagan floated number of
companies wherein quid pro quo investments have been made by beneficiaries from decisions of
the state government in various forms like SEZs (Special economic Zones), irrigation contracts,
relaxation/permission for real estate ventures, mines among others.
UNI KNR CS 1955