Hyderabad, March 26 (IANS) The Enforcement Directorate (ED) on Thursday attached properties worth Rs.130 crore in connection with the money laundering probe against YSR Congress president Y.S. Jaganmohan Reddy and businessman I. Syam Prasad Reddy.
The ED issued orders attaching the properties of five group companies of Syam Prasad Reddy, managing director of Indu Projects Ltd.
These includes 8,648 acres of land of Lepakshi Knowledge Hub in Anantapur district of Andhra Pradesh, lands of Asara Realty Ventures in Maharashtra and of Cyberabad Hitech Integrated Township Development Corp Ltd in Telangana.
According to ED, the money laundering case was booked against the two on the basis of a chargesheet filed by the Central Bureau of Investigation (CBI).
It accused Syam Prasad Reddy of paying bribes to Jaganmohan Reddy in the guise of investing in the latter's group companies as quid pro quo for undue favours received from the government of then undivided Andhra Pradesh.
Jaganmohan Reddy is the son of late former Andhra Pradesh chief minister Y.S. Rajasekhara Reddy.
Investigation under Prevention of Money Laundering Act (PMLA) revealed that Syam Prasad Reddy laundered the proceeds through his group companies, said a statement from the ED's Hyderabad zonal office.
The ED identified proceeds of the crime in the form of movable and immovable properties.
It is one of the several PMLA cases the ED is probing against Jaganmohan Reddy, businessmen and senior officials.
The agency has already attached assets worth over Rs.1,000 crore in these cases.
Indiana Jones 5 Review: 'Indy' Gets a grand farewell, Ford's innings end in 'Indiana Jones' Franchise
With the action-adventure film Indiana Jones and the Dial of Destiny, the franchise's popular character Indy is being sent off with a happy ending. The story revolves around Professor Dr. Henry
Waqf Amendment Bill will be presented in Lok Sabha today: Which changes did JPC approve, and what's new in the bill? Know here
The Central Government is going to introduce the Waqf Amendment Bill, 2024 in the Lok Sabha on Wednesday (April 2). Although the Center had placed this bill before the Lok Sabha in August last year.
Fukrey 3: Pankaj Tripathi met the students of IIT Kharagpur during the shooting of the film, also gave a motivational speech
Actor Pankaj Tripathi is shooting for the next part of 'Fukrey' in Delhi. However, he took time off from the sets and went to IIT Kharagpur, one of the oldest and most prestigious educational
Nayab Singh Saini: Lost the first election in 2009... became Minister of State in 2014 and CM in 2024; journey started as a computer operator
Naib Singh Saini, who became the hero of BJP's victory in Haryana, will once again become the Chief Minister of Haryana. With the swearing-in on Thursday, he will become the eighth leader of Haryana
Japan said - If China obeys the rules, it will include it in QUAD: This is not a military group; Australia said – India is a big power in Indo-Pacific
The foreign ministers of QUAD met on Friday under the ongoing Raisina Dialogue in New Delhi. In this meeting held a day after the G-20 meeting, Australian Foreign Minister Penny Wong described India's
India's first corona vaccine to be launched on August 15, Bharat Biotech prepares
The country is struggling with the Corona epidemic. Thousands of people are getting infected every day and many are losing their lives. Meanwhile, good news is coming. The Covaxin vaccine being
PM Modi Ahmedabad Visit: PM Modi will visit Gujarat today, and will participate in the Vibrant Gujarat Global Summit
Prime Minister Narendra Modi will be on a visit to Gujarat from 26 to 27 September, during which he will participate in an event organized to commemorate 20 years of the Vibrant Gujarat Global Summit.
COVID in India: 44 more people succumbed to corona, and more than 20 thousand new infected were found
The number of new corona patients in the country is fluctuating daily. On Saturday, 20,408 new corona infected have been found. 44 more people succumbed to the epidemic. The daily infection rate stood
Australia favourites against India: Brett Lee
Sydney, March 24 (IANS) One of the fastest bowlers of all time Brett Lee on Tuesday said that Australia will come out as the winners in the cricket World Cup semifinal against India at the Sydney
Modi to visit Toronto, Ottawa, Vancouver during Canada trip
New Delhi, March 25 (IANS) Prime Minister Narendra Modi will visit Canada from April 14-16, making stopovers in Toronto, Ottawa and Vancouver, it was announced here on Wednesday.Modi's visit will
