Looks like the woes of YS Jagan Mohan Reddy seem to be never ending. As the 11th chargesheet is recently filed on Jagan’s disproportionate assets case, the Enforcement Directorate is getting ready for a fresh attachment of the opposition leader’s properties.ED so far attached properties worth nearly Rs. 1,500 crore under the Prevention of Money Laundering Act in connection with at least four CBI charge sheets and will very soon attach more under the remaining chargesheets.
Next on ED’s list is of Vadarevu and Nizampatnam Industrial Corridor (VANPIC) projects case, India Cements case, Raghuram Cements Limited Case and Dalmia Cements case. ED has sent in notices to the concerned parties to submit the documents on benefits derived. It is said that ED is expected to attach properties with 500 Crores in connection to these cases.
It is known that there are serious allegations on YS Jagan for amassing properties during his father’s (former Chief Minister Y.S. Rajasekhara Reddy’s) tenure (2004-2009) floating several companies to receive “quid pro quo” in the form of investments for extending favours to individuals and companies through allocation of government land and other benefits at cheap rates. All the cases surfaced one by one after the demise of YSR in a chopper crash in 2009.
