Assets worth `148 cr attached in Jagan Reddy PMlA case

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The Enforcement Directorate today said it has attached assets worth over

Rs  148 crore in connection with a money laundering probe in cases related to YSR Congress leader Jagan Mohan Reddy and others.

The agency said its zonal office here issued provisional attachment order, under sections of the Prevention of Money laundering Act (PMlA), for "illegally allotted lands of 11,804.78 acres to the companies of Nimmagadda Prasad in Prakasam and Guntur districts of Andhra Pradesh."The value of the attached assets is Rs 148.89 crore, it said.The central probe agency said the case pertains to alleged corruption and quid pro quo investment.

Daily Pioneer
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