Jagan Assets Attached
In a major setback fo YSRCP President Jaganmohan Reddy, Enforcement Directorate attached some more assets of the MP. Cracking whip on the MP, ED attached land worth Rs 133.74 crore belonging to Ramky Infrastructure Limited in Visakhapatnam, besides mutual fund investments worth Rs 10 crore belonging to Jagathi Publications, the media house floated by Jaganmohan Reddy.
Last October also ED attached Jagan’s properties worth Rs 51crs. ED took the decision under Section 5 (1) of the Prevention of Money Laundering Act (PMLA). The companies whose properties were attached include Hetero Drugs, Aurobindo Pharma, Trident Life Sciences, and APL Research.