The Enforcement Directorate which already attached 1139 Crores properties in connection with YS Jagan illegal assets cases is all set to further intensify the work. ED is determined to complete the entire probe and attachments and to faciliatate it, transferred those case from Delhi to Hyderabad.
ED is attaching Jagan’s properties under Prevention of Money Laundering Act and wants to complete this by March. So far CBI has lodged 11 chargesheets on Jagan in relating to various cases. Out of which, ED acquired 10 from the court. Five Special Teams are arranged in Hyderabad to deal with Jagan’s cases.
All the assets of Jagan are in the form of lands, buildings, shares, fixed deposits in various companies. Along with the Jagan’s assets, ED is also going to attach the properties of various companies which illegally gained benefits in quid-pro-quo deals.
