Jagan on the Verge of Losing His Lotus Pond Residence?

Jagan on the Verge of Losing His Lotus Pond Residence?Enforcement Directorate had issued a Public Notice stating it has all rights to take the possession of Jagan‘s Lotus Pond Residence. The Lotus Pond Residence will be at the disposal of the Enforcement Directorate until further order and the properties shall be kept intact by all the concerned for the further proceedings under the PMLA.

Since the notice for possession is served, 10 days time will be given for Jagan to respond. Jagan and his family resides in Lotus Pond and it is also the headquarters of YSR Congress after the results of 2014 elections. On the other side, Jagan is gearing up to approach the high court to get a stay on ED taking the possession.

Once the Lotus Pond Residence is taken into ED possession, ED prohibits and restricts until further order transferring or charging in any manner and it is prohibited to receive the properties by purchase gift, mortgage, pledge or any other means.

Follow @mirchi9 for more User Comments
Nani’s-Gang-Leader-Is---A-DisasterDon't MissNani’s Gang Leader Is A DisasterIt is the ninth day since its release. And we are now in the second...Now, A Believable Update about Sye Raa Narasimha Reddy Satellite RightsDon't MissNow, A Believable Update about Sye Raa Satellite RightsThis morning we have reported that the news about Zee Network bagging the Satellite Rights...TDP Loses Another Senior Leader, Former MP Naramalli Sivaprasad No MoreDon't MissTDP Loses Another Senior Leader, Former MP No MoreTelugu Desam Party lost another Veteran Leader just in the span of one week. After...Gaddalakonda -GaneshDon't MissGaddalakonda Ganesh Sets Record For Varun Tej By Big MarginDefying the pre-release expectations, Gaddalakonda Ganesh has set new opening day record for Varun Tej....CRDA Warns Demolishing Chandrababu's House in A WeekDon't MissCRDA Warns Demolishing Chandrababu's House in A WeekCRDA Officials have pasted another notice on Former Chief Minister Chandrababu Naidu's rented house in...
Mirchi9