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Jagan assets case: ED attaches Rs 130 crore!

By   /  March 28, 2015  /  No Comments

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The Enforcement Directorate joined properties worth Rs 130 crores fitting in with Indu Projects Limited and its overseeing chief I Syam Prasad Reddy regarding the lopsided resources instance of YS Jaganmohan Reddy.

This incorporate 3 enduring resources worth Rs 128,50,80,500 and 2 portable resources esteemed at Rs 1,00,82,896. Around 8,648.81 sections of land in Chilamathur and Gotantla Mandals (Anantapur), 25 sections of land fitting in with Asara Realty Ventures in Nagpur Rural District (Maharashtra), 2.57 sections of land in Phase 13 of Kukatpally Housing Board and Rs 1.01 crore of Lepakshi Knowledge Hub were connected.


According to CBI Chargesheet, Syam Prasad Reddy has put resources into Jagan’s organizations to get undue advantages from state government amid previous boss clergyman late YS Rajasekhar Reddy’s residency.

Enforcement Directorate  enlisted a tax evasion body of evidence against Jagan and Syam Prasad Reddy under Prevention of Money Laundering Act, 2002(PMLA).

Amid the examination, Quid Pro Quo bargains between YSR’s Government and Syam Prasad Reddy have been uncovered. Lepakshi Knowledge Hub Private Limited, Lepakshi Integrated Textile Park Private Limited, Lepakshi Science and Technology Park Private Limited, Lepakshi Heritate Wellness Village Private Lmited and Indu Project Limited got undue favors.


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