New Delhi: Y S R Jagan Mohan Reddy is in fresh trouble with the Enforcement Directorate on Tuesday attaching assets worth around Rs 147 crore in connection with its probe in the money laundering case against Jagan.
The attachment order, under criminal provisions of the Prevention of Money Laundering Act (PMLA), is the third by the agency after it issued two separate attachment orders of Rs 51 crore and Rs 71 crore earlier, in this case.
Sources said this would not be the last attachment order in the case and that as investigations progress more attachments could be ordered. Immovable properties and movable assets worth Rs. 146.94 crore under section 5(1) of PMLA were attached.
The properties attached include 135.46 acres of land belonging to Ramky Pharma City (India) Ltd and deposit of Rs 3.20 crore in mutual funds and fixed deposits for Rs 10 crore from Jagati Publications Private Limited (owned by Jagan), ED sources said.
Courtesy:
Deeptiman Tiwary TNN
http://epaper.timesofindia.com/Default/Scripting/ArticleWin.asp?From=Archive&Source=Page&Skin=pastissues2&BaseHref=TOIM/2013/01/09&PageLabel=17&EntityId=Ar01605&ViewMode=HTML
The attachment order, under criminal provisions of the Prevention of Money Laundering Act (PMLA), is the third by the agency after it issued two separate attachment orders of Rs 51 crore and Rs 71 crore earlier, in this case.
Sources said this would not be the last attachment order in the case and that as investigations progress more attachments could be ordered. Immovable properties and movable assets worth Rs. 146.94 crore under section 5(1) of PMLA were attached.
The properties attached include 135.46 acres of land belonging to Ramky Pharma City (India) Ltd and deposit of Rs 3.20 crore in mutual funds and fixed deposits for Rs 10 crore from Jagati Publications Private Limited (owned by Jagan), ED sources said.
Courtesy:
Deeptiman Tiwary TNN
http://epaper.timesofindia.com/Default/Scripting/ArticleWin.asp?From=Archive&Source=Page&Skin=pastissues2&BaseHref=TOIM/2013/01/09&PageLabel=17&EntityId=Ar01605&ViewMode=HTML
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