6:47 pm - Monday November 9, 2015

jagan mohan reddys and others assets worth rs 863 crore seize

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Corruption in infrastructure projects in Andhra Pradesh with YSR Congress leader Jagan Mohan Reddy and ED 863 crore property of their close ones have been attached . These assets will be seized now . According to sources, the largest ever in terms of attachment to action . In this case, the ED is the fourth action . 265 crore in the first three operations were attached to the property .

ED notice to Jagan Mohan Prasad and Nimmgda issued . These people then Andhra Pradesh government Vdrevu companies and Nijamapttnm Industrial Corridor ( Wanpik ) project was in favor . Jagan Mohan Reddy ‘s father YS Rajasekhara that time was chief minister of Andhra Pradesh .

Wanpik aim of the project is a port in the coastal areas of Andhra Pradesh and Prakasam and Guntur districts in addition to developing a new airport in the industrial corridor was developed . ED FIR by the CBI in 2012 under PMLA against individuals and firms are subsidiaries had filed criminal investigation .

ED says that the deal was mutually and illegal money transactions were in the hands . ED ‘s investigation report stated that
Nimmgda Wanpik companies offering various concessions granted under the project . Allocation of government land at rock bottom prices which , stamp and registration fee is included in the exemption . The companies have taken unfair advantage .

CBI chargesheet stated that in the case of land Adigrhm 1,426,17 crore illegal offerings were benefited . Instead offerings and their companies Jagan and his companies were provided Rs 854.54 crore .

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