Jagan submits documents to ED

Last Updated: Thursday, November 17, 2011 - 21:15

New Delhi: YSR Congress chief YS Jaganmohan
Reddy on Thursday submitted documents related to his finances and
investments to the Enforcement Directorate which is probing
alleged money laundering and for ex violations charges against
him and his associates.

A senior official of one of his companies and trusted aide
of Reddy submitted the documents on his behalf here, official
sources said.

The ED had recently issued summons to Kadapa MP asking him
to send an authorised person who has his power of attorney to
submit documents and answer questions on his behalf at its
headquarters in Delhi.

"Additional documents may be sought and more summons
issued in the case," they said.

The ED has registered a case under the provisions of
Prevention of Money Laundering Act (PMLA) against Reddy and is
also probing alleged contravention of foreign exchange rules
in his financial transactions and investments.

The ED action comes days after the CBI searched various
premises belonging to him.

The CBI, which has also registered a case against him,
had called him recently for questioning in connection with the
alleged multi-crore iron ore mining scam.

The agency is said to be probing alleged nexus between
Jaganmohan and former Karnataka Minister Gali Janardhana Reddy
who owns Obulapuram Mining Company.

The case was registered after ED conducted a probe to
track the trail of funds pumped by the MP and his associates
into the companies owned by them.


First Published: Thursday, November 17, 2011 - 21:15

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