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The attachment order, under criminal provisions of the Prevention of Money Laundering Act (PMLA), is the third by the agency after it issued two separate attachment orders of Rs 51 crore and Rs 71 crore earlier, in this case.
The agency, according to sources, has few more similar orders in the pipeline as it plans to build a water tight case against Jagan and his associates.
"Immovable properties and movable assets worth Rs 143.74 crore under section 5(1) of PMLA are being attached. The properties attached are from Ms Ramky Pharma City (India) Limited are approximately 135.46 acres of land and deposit of Rs 3.20 crore in mutual funds and fixed deposits for Rs 10 Crore from Jagati Publications Private Limited (held by Jagan Reddy)," the attachment order said.
The agency is probing the case on the basis of the FIR filed by CBI to investigate alleged disproportionate assets amassed by Jagan especially during the tenure of his father – the late Andhra Pradesh Chief Minister Y S Rajasekhara Reddy
An ED attachment is an enforcement action under anti-money laundering laws to restrict the accused from taking benefit out of the properties or assets they have created through illegal means.
The accused parties can appeal against the order at the Adjudicating Authority of the PMLA based here.
And how about all those crores robbed by Robert Vadra? He can keep it all right?. What a screwed-up nation we are living in?
Laudable action taken by E.D. But There could be umpteen no. of Biggies who are not touched. This Selective action may raise the eyebrows of many.Billions stashed away to foreign banks,Unaccounted money earned via illegal means by many leaders looks to be left behind. If corruption needs to end, unilateral action should be taken with out favoritism. At the end of the day-- Something at least is better than nothing!
