ED Files Chargesheet Against Jagan
Hyderabad: The troubles for YSRC chief YS Jagan Mohan Reddy seem to be unending. As he got respite in the special court recently, the Enforcement Directorate (ED) which is investigating his assets case with regard to Penna Cements Limited, filed a charge sheet before the court on Thursday.
The ED named Jagan, YSRC leader Vijaya Sai Reddy and Penna Cements Limited owner Penna Pratap Reddy as accused of their alleged involvement in a money laundering case. The charge sheet was in connection with irregularities related to Penna Cements case, sources revealed. The ED officials in their charge sheet alleged that all the three accused are charged under sections of the Prevention of Money Laundering Act for manipulating huge sums of illegally obtained money and attempting to turn it into legitimate assets.
It is alleged that Jagan used the position of his father, Late YS Rajasekhara Reddy’s CM of the united AP, in order to make the government allot land for Penna Cements out of way.