Directorate for enforcement (ED) attached assets belonging to former main Minister Andr Pradesh Ys Jagan Mohan Reddy and Dalmia Cements (Bharat) Limited (DCBL) in a case that dates back to 14 years ago.
Ed has an intermediately connected shares in value as part of its event £27.5 Crore belonging to Jagan Reddy and Land Worth £377.2 Crore belonging to Dalmia Cements in connection with the case of money laundering involving investments in Quid Pro quo, according to The Times of India.
Ed connects Jagan Reddy, Dalmia Cements
The provisional attachment, which was filed by March 31 by the Hyderabad Ed unit, received DCBL 15 April, according to the report. The initial land value at the purchase was £377 crore, according to toi, but the value has now increased to £793.3 Crore said the company.
In the case of Jagan Reddy, shares in companies including Carmel Asia Holdings Limited, Saraswati Power and Industries Private Limited and Harsha Company were connected.
What is the case of money laundering about Jagan Reddy?
In connection with the earlier case, the provisional attachment of ED is in the 2011 registered Central Investigation Office (CBI) in 2011, where Dalmia Cements invested in Bharathi Corporation Private Limited.
According to the toi investigation carried out CBI and ED found that DCBL has invested £95 Crore to Raghuram Cements Ltd., which is represented by the Chief of YRSCP.
What does ED say?
According to CBI and ED report, Ys Jagan Mohan Reddy, Auditor and former MP in Vijaya Sai Reddy and Pueet Dalmia of DCBL for selling their shares in Raghuram cement LTD named Parficim for For for for French Society on behalf of Parficim Pro £135 crore. Reddy got out of this £55 Crore from May 16, 2010 and June 13, 2011 through Hawala canals in cash.
Payments details were reportedly found in a material confiscated by the income tax in the new Delhi.
ED and CBI also claimed that this had returned alleged revenues from sales to Jagan Reddy through Hawal channels in cash. It claims, ESA = Tableshis that initial payment £95 Crore was an illegal satisfaction for the disproportionate advantages of the defendant individuals from Andr Pradesh.
Already in April 2013, the CBI has already filed accusations against the accused, including the YRSCP chief, in various parts of IPC and the Corruption Prevention Act.
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