ED Attached Jagan Lotus Pond House and Sakshi Towers

ED Attached Jagan Lotus Pond House and Sakshi Towers

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YS Jagan Mohan Reddy YSRCP.jpg[ads2] Enforcement Directorate (ED) had attached property price 749.10 Crore belonging to Andhra Pradesh Opposition Leader, YS Jagan Mohan Reddy. The attached Assets also include Jagan’s Lotus Pond Residence, Sakshi Towers, Bengaluru Indra bhavan and the commercial complex in Bengaluru ‘Commerce @ Mantri’. ED additionally attached shares of Jagan and his spouse Bharati in various firms. These assets are connected in relation to Bharati Cements Chargesheets. These all assets will not able to sell, they are under the control of ED. After the final judgment ED will sell the properties.

 

ED had concluded that the then Congress government under Jagan’s father leadership benefitted Bharati Cements to the tune of 152 Crore. These assets are regardless that totals to 749.10 Crore, they run in to 5000 Crore in open market. That is the biggest attachment by ED in Jagan’s corruption circumstances in recent times. Jagan presently resides in Lotus Pond Residence and it is usually used as YSR Congress’ Central head quarters. This attachment won’t go properly with the Chief of Opposition who’s just back within the country after a brief abroad holiday Trip.