jagan mohan reddys and others assets worth rs 863 crore seize

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 .