This ad will auto close in 10 seconds

ED notice to Jagan Reddy in assets case

Last Updated: Thursday, November 10, 2011 - 14:41

Zeenews Bureau

New Delhi: The Enforcement Directorate (ED) on Thursday issued summons to YSR Congress chief and Kadapa MP YS Jaganmohan Reddy in connection with the disproportionate assets amassed by him.

As per reports, the summons have been issued in connection with the foreign exchange violation and money laundering allegations against the Kadapa MP.

Jagan Reddy is under the CBI scanner for allegedly conspiring with his father late YS Rajasekhara Reddy and other individuals and companies for "cheating the government of Andhra Pradesh in the matter of granting certain favours".
Following a direction from the Andhra Pradesh High Court, the CBI is currently probing into his alleged illegal wealth. In its FIR, the CBI had stated that he "exercised his influence on his (late) father, then chief minister, and also "unknown public servants" of the state government, who in turn abused their official positions by corrupt or illegal means and issued orders favourable to many companies.

The charges relate to criminal conspiracy, cheating, criminal breach of trust, falsification of accounts and criminal misconduct, according to the FIR.
The agency filed the case against Jagan and others based on a directive of the Andhra Pradesh High Court that disposed of a petition filed by current Textile Minister P Shanker Rao, into which TDP leaders K Yerran Naidu and Yanamala Ramakrishnudu were implicated.

CBI had also conducted searches at the residences and offices of Jagan apart from the houses and businesses of those who invested in his companies.

First Published: Thursday, November 10, 2011 - 14:21

More from zeenews

comments powered by Disqus