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ED files prosecution plaint in Penna Cements issue
As part of its probe in the disproportionate assets case against YSR Congress chief Y S Jaganmohan Reddy, the Enforcement Directorate (ED) on Thursday filed prosecution complaint (charge sheet) before the designated court in connection with the alleged irregularities related to allocation of land and granting mining lease for Penna Cements.
​Hyderabad: As part of its probe in the disproportionate assets case against YSR Congress chief Y S Jaganmohan Reddy, the Enforcement Directorate (ED) on Thursday filed prosecution complaint (charge sheet) before the designated court in connection with the alleged irregularities related to allocation of land and granting mining lease for Penna Cements.
The ED named Jagan, V Vijaysai Reddy, Penna Group chairman Putta Pratap Reddy, Pioneer Holdings and Penna Cements as accused in the case.
The prosecution complaint said that the then Congress government headed by chief minister Y S Rajasekhara Reddy allocated 231.09 acres in Yadiki mandal of Anantapur district in Andhra Pradesh to Penna Cements for setting up cement factory and some officials allowed the company to acquire assigned lands directly from the farmers in gross violation of land acquisition rules.
The prosecution complaint further said that the Rajasekhara Reddy government refused mining lease for Ultratech Cement over 304.74 hectares in Burgula of Kurnool district and granted prospecting lease to Penna Cements violating the prevailing norms.
Similarly, irregularities took place in reviving the expired lease in Tandur of Ranga Reddy district over 822.13 acres of land. Further, Rajasekhara Reddy government granted subsidies for construction of Pioneer Hotel in Banjara Hills, the ED said in its prosecution complaint.
In return for all the favours Penna Group invested Rs 68 crore in the companies owned by Jagan violating the provisions of Prevention of Money Laundering Act (PMLA). The ED said adding that the process for attachment of properties for the violations has been initiated.
