The Enforcement Directorate has stepped in to probe the money laundering angle in the alleged disproportionate assets case involving arrested Kadapa MP YS Jagan Mohan Reddy.
A team from the Delhi unit of ED arrived in Hyderabad and is likely to file a petition in the Special CBI Court seeking custody of Jagan for questioning him in connection with the alleged money laundering. In case the ED gets the nod from the court, it is likely that the Jagan interrogation will shift to Delhi, perhaps permanently.
The ED had registered a separate case under the Prevention of Money Laundering Act (PMLA) and Foreign Exchange Management Act (FEMA) against Jagan and others.
The ED intends to question Jagan with regard to the financial transactions of his companies, investments he is said to have made overseas, including in Luxembourg and Mauritius. The ED had earlier sought the court’s permission to record the statements of the accused in the three cases (Jagan Mohan Reddy’s alleged illegal assets, Obulapuram Mining Company’s illegal mining and Emaar scam) for probe under PMLA.