List of YS Jagan Properties seized by ED

List of YS Jagan Properties seized by ED
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List of YS Jagan Properties Seized By ED. In yet another instalment of seizing of properties amassed by YSRC president YS Jagan Mohan Reddy, the Directorate of Enforcement (ED) has seized properties worth Rs.232.28 Crore belonging to him and the India cements Company which had benefited by his collusion in quid pro quo deals during his father YSR\'s period.

ED seizes Rs.232 crore assets of Jagan and India Cements

In yet another instalment of seizing of properties amassed by YSRC president YS Jagan Mohan Reddy, the Directorate of Enforcement (ED) has seized properties worth Rs.232.28 Crore belonging to him and the India cements Company which had benefited by his collusion in quid pro quo deals during his father YSR's period.

This is the fourth seize made in connection with the Money Laundering Case against Jagan & others under the provisions of the Prevention of Money Laundering Act,2002 (PMLA).

They include 2.11 acres of land in Kadapa district and 1.97 acres at Vizag, and 2.3 acres at Bangalore belonging to the M/s Janani Infrastructures Ltd owned by Jagan besides the 886 sq yards housing plot at Punjagutta in Hyderabad and 245.86 acres of land in Anantapur belonging to the India Cements company.

The ED has also seized Several FD receipts, Share certificates of India Cements and other brief case companies floated by Jagan like Carmel Asia Holdings Ltd, Indira Television Ltd.

It may be recalled that the ED has already seized properties and FD receipts worth over Rs.837 crore of YS Jagan Mohan Reddy enterprises and also those involved in Quid Pro Quo cases so far.

The move by the ED is part of the PMLA cases hoisted on Jagan. The CBI has already filed 11 chargesheets in the DA cases and held him responsible for amassing over Rs. 1200 crore assets in different formats.

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