Jagan Mohan Reddy PMLA case: ED attaches land worth Rs 148 crore

The Enforcement Directorate on Friday attached land worth Rs 148.89 crore in Andhra Pradesh under Prevention of Money Laundering Act (PMLA) of companies of Nimmagadda Prasad in Y.S. Jagan Mohan Reddy case.

"ED attaches land worth Rs 148.89 crore in Andhra Pradesh under PMLA of companies of Nimmagadda Prasad in YS Jagan Mohan Reddy case," the agency said.

A provisional attachment order under the PMLA law has been issued, a senior official said.

The ED began its probe against the politician and his associates on the basis of a CBI FIR that stated that since "May 2004, Jagan floated number of companies wherein quid pro quo investments have been made by beneficiaries from decisions of the state government in various forms like SEZs (special economic zones), irrigation contracts, relaxation/permission for real estate ventures, mines among others.

ED attaches land worth Rs 148.89 crore in Andhra Pradesh under PMLA of companies of Nimmagadda Prasad in Y.S. Jagan Mohan Reddy case. pic.twitter.com/0mJMWwpush

— ANI (@ANI_news) July 28, 2017

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