Amravati
ED has taken strict action against former Andhra Pradesh Chief Minister Jagan Mohan Reddy in the 14 -year -old money laundering case. At present, the ED attached assets worth Rs 800 crore during an investigation against Jagan Mohan Reddy, the opposition party of the Andhra Pradesh Legislative Assembly- Yuvjan Shramik Raithu Congress Party (YSRCP) chief Jagan Mohan Reddy.
According to the information, Jagan’s shares which have been attached to the value of about Rs 27.5 crore. Apart from this, the land of Dalmia Cements (India) Limited (DCBL) has also been attached. The price of this land is about 377.2 crore rupees. Dalmia has a total value of the attached assets is Rs 793.3 crore and the ED has taken this action after 14 years. It is being told that this whole matter of money laundering is of help done to get profit. The Central Bureau of Investigation registered a case in this case in 2011. The ED has now taken action to temporarily attach the property on the case registered by the CBI.
Action in the case registered in 2011
Let us tell you, this action of ED is related to the case filed by CBI in 2011. It is alleged that, Dalmia Cements invested in the recruitment Cement Corporation Private Limited, which belongs to Jagan Reddy. Share attached by ED is related to the stake of Jagan Reddy in Carmel Asia Holdings Limited, Saraswati Power and Industries Private Limited and Harsha Firm.
Regarding the matter, it was told by the ED that, DCBL had invested Rs 95 crore in Raghuram Cements Limited, which was represented by Jagan Reddy. In return, Jagan allegedly administered the influence of his father and then Chief Minister YS Rajasekhar Reddy to provide the mining lease of 407 hectares of land in Kadpa district to DCBL.
Attachment order was released on 31 March
According to ED and CBI, YS Jagan Reddy, former MP V Vijaya Sai Reddy and Puneet Dalmia of DCBL were sold for Raghuram Cements Limited for Rs 135 crore to a French company Parficim for Rs 135 crore. Of these, 55 crore rupees were given to Jagan in cash through hawala between May 2010 and June 2011. The details of these payments were found in the material seized by the Income Tax Department based in Delhi. The attachment order was issued on 31 March, which DCBL received on April 15, 2025.
