Politics

ED attaches Jagan Reddy, Dalmia Cements' ₹800 cr-worth assets in money laundering case

The Enforcement Directorate has attached assets worth nearly Rs 800 crore belonging to former Andhra Pradesh CM YS Jagan Mohan Reddy and Dalmia Cements in connection with a money laundering probe. This action follows a 2011 CBI investigation into alleged quid pro quo investments made during Jagan's early business career.

Over a decade after the case was first filed, the Enforcement Directorate (ED) has provisionally attached assets worth over Rs 405 crore belonging to former Andhra Pradesh Chief Minister YS Jagan Mohan Reddy and Dalmia Cements (Bharat) Limited (DCBL) in connection with a money laundering probe, reported TOI. The ED’s Hyderabad unit issued the attachment order on March 31, which was received by DCBL on April 15..