The Enforcement Directorate (ED) which had been making a series of attachments in Jagan Mohan Reddy’s disproportionate assets case has filed its first charge-sheet in the court of metropolitan sessions judge at Nampally charging Jagan, his auditor V Vijay Sai Reddy and Jagathi Publications (publishers of Sakshi daily) with money laundering.
It is alleged that Jagan and his auditor Vijay Sai Reddy influenced reputed auditing firms like Deloitte and made sure Jagathi publications assessed at a higher value of Rs 3050 crore and accordingly got the share value fixed at Rs 350. Using the contacts of the Chief Minister’s office, vijaya Sai Reddy approached several NRIs to invest in Sakshi for various favours from the government.
In the charge sheet, ED mentioned that the NRIs have invested and also got benefitted from the government. ED also found certain violations regarding transfer of money from NRIs.
