In the latest update on YSR Congress party chief YS Jagan Mohan Reddy’s Money laundering issue case the ED attached Rs117 crores of assets today. The recent development stated that they have got assets worth over 148 crore rupees in July. Which has comprised of illegally allotting 11000+ lands to the companies of Nimmagadda Prasad in Prakasham and Guntur districts of Andhra pradesh.
The companies present are with I Syam Prasad Reddy of Indu projects. The ED attached movable and immovable assets worth 117 crorre under the Prevention of Money Laundering act of Companies regarding Syam Prasad Reddy. The source said ED issued a provisional order for attachment of the properties under this act.