Ed Attaches Properties Worth Rs 232 Cr In Jagan Assets Case

[psycopk]

HYDERABAD: Moving ahead with its attachments in the disproportionate assets case against YSR Congress president Jaganmohan Reddy, the Enforcement Directorate (ED) on Thursday attached 29 assets worth Rs 232 crore belonging to Bharati Cements, India Cements, Janani Infrastructure, Jagati Publications (publisher of Sakshi newspaper) and Carmel Asia Holdings.

The assets were in the form of fixed deposits, land and buildings and shares of companies, etc. According to ED officials, only book values of these assets were shown in the attachment order and their current market value could well go beyond Rs 1,000 crore.

According to ED joint director KSVV Prasad, the attachments were made in accordance with the provisions of Prevention of Money Laundering Act (PMLA) in the India Cements episode of Jagan assets case. A case of money laundering was registered against Jaganmohan Reddy after the ED probe found that India Cements MD N Srinivasan received undue benefits in the form of excess water allocation, allotment of land, etc. for his cement plants in AP during the tenure of YS Rajasekhara Reddy as chief minister. As a measure of quid pro quo, Srinivasan invested Rs 140 crore in Jagan firms, ED said and described these investments as bribes paid to Jagan for undue benefits it received from the YSR regime.

ED's attachments on Thursday include fixed deposits worth Rs 95 crore held by Bharati Cements in the Banjara Hills branch of Vijaya Bank and a huge building of India Cements spread over 886 square yards at the busy Panjagutta area of Hyderabad. A 245-acre land purchased by India Cements at Konauppalapadu in Yadiki mandal of Anantapur district was also attached.

Shares worth Rs 86.67 crore of M/s Trinetra Cements Limited held by India Cements, Rs 20.32 crore debentures of Coromandel Sugars held by India Cements, Rs 10.20 crore worth equity shares of M/s Indira Television held by Jagati Publications, Rs 10 crore worth shares of Trinetra Cements held by India Cements and Rs 3.20 crore of share application money pending allotment with Saraswati Power held by Carmel Asia Holdings along with Rs 25 lakh worth equity shares of India Television held by Carmel Asia Holdings were also attached after they were identified as proceeds of crime by ED.

The current value of Trinetra shares will be much higher, sources say. Apart from them, three assets of Janani Infra, 2.11 acres at Tadigotla village in Chintakommadinne mandal of Kadapa district, 1.97 acres at Madhuravada of Visakhapatnam and 2 acres at Vagata village near Hoskote of Bangalore were also attached.

The CBI in its chargesheet said that India Cements received huge water allocations for its cement plants from Kagna and Krishna rivers. The government under Rajasekhara Reddy had even unheeded inter-state norms in making these water allotments, the CBI said.

Though it has no power or jurisdiction to allot excess water, the state did so in the case of India Cements, the investigative agency said. This was in addition to the extension of lease of land for a further period of 25 years from July 2003 to June 2028 in favor of India Cements, the CBI chargesheet said.

[Hyderabad_Nawab]

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[psycopk]

vadu chusado ledu.. jaffas tweet cheyandi.. http://timesofindia.indiatimes.com/india/ED-attaches-properties-worth-Rs-232-cr-in-Jagan-assets-case/articleshow/46388975.cms

[ParmQ]

Itlantivi inka 100 attachments cheyyaali.

[Breaker]

jagan anna hatlo inko feather

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[ParmQ]

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Ilaantivi enni sarlu  vesina vaakay.
 

[Hyderabad_Nawab]

Itlantivi inka 100 attachments cheyyaali.

Oke sari Laksha Kotlu Icchey Capital Fund ki.. YSR Statue okati peduthaam + nee Caseslu etthestam ante ayipotadhi.. Lol.

[micxas]

%$#$  jaggu ga  J@#D