Andhra Pradesh opposition leader YS Jagan received another shock. Y.S. Jaganmohan Reddy was on Friday named an accused in first ED charge sheet filed in a local court in a case related to investments made in his companies in return for benefits.
The Enforcement Directorate (ED) that is investigating the disproportionate assets case has filed its first chargesheet in the court of metropolitan sessions judge at Nampally accusing Jagan, his auditor V Vijay Sai Reddy and Jagathi Publications (publishers of Sakshi daily) with money laundering
Already CBI filed 11 charge sheet against Jagan related to the case and ED attached several properties of the leader.This was the first charge sheet filed by the probe agency ED, which has accused Mr. Jagan of getting investments running into several crores from various individuals and firms into his businesses as “quid pro quo”
ED in its chargesheet said Jagan used his father and then chief minister Y S Rajasekhara Reddy’s influence to woo several businessmen to invest in his firms like Jagathi PublicationsIt also recorded the statements of investors who stated that they were lured into investing in Jagathi by none other than YSR himself along with Vijay Sai Reddy.
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