Hyderabad: The Law Enforcement Administration (DE) has allocated assets worth more than Rs 148 crore in connection with its money laundering investigation in cases involving YSR congress leader Jagan Mohan Reddy and others, the agency said .
“ED allocates a land of Rs 148.89 crore in Andhra Pradesh under PMLA from Nimmagadda Prasad companies in the case of YS Jagan Mohan Reddy,” the agency said.
An interim injunction has been issued under the Money Laundering Prevention Act (PMLA), a senior official said.
The Department of Defense began its investigation against the politician and his associates on the basis of a Central Bureau of Investigation (CBI) FIR which stated that since May 2004, Jagan floated the number of companies in which Beneficiaries of state government decisions in various forms such as special economic zones, irrigation contracts, relaxation / permit for real estate companies, mines, among others. “
