The Enforcement Directorate, Hyderabad zonal office, on Monday attached properties worth over Rs 47 crores pertaining to M/s Jagati Publications Ltd., M/s.Janani Infrastructure PVt Ltd., and M/s. Indira Television Ltd.,
The case was initiated by the Central Bureau of Investigation in charge sheet No.14 dated 10.09.2013 against YS Jagan Mohan Reddy’s companies viz., M/s Jagati publications Ltd., and M/s Carmel Asia Holdings Pvt. Ltd., alleging receipt of money from M/s. PR Energy Holdings Ltd., in return of undue benefits granted to M/s. Penna Group of Companies.
The investigation under PMLA, 2002, by the Enforcement Directorate revealed that M/s Grmel Asia Holdings Pvt. Ltd., had received Rs.23 Cr and M/s Jagati Publications Ltd., had received Rs 45 cr from M/s. PR Energy Holdings Ltd. This amount of Rs.68 Cr has been received by ys Jagan Mohan Reddy’s companies, in return of undue benefits granted to M/s. Penna Group of companies like grant of mining leases and alienation of government lands etc.,
“Investigation conducted so far revealed that out of this Rs.68 Cr, an amount of Rs. 47 Cr, which constitutes the Proceeds of crime, has been invested in M/s Jagati publications Ltd., M/s.Janani Infrastructure Pvt Ltd., and M/s. Indira Telivision Ltd. Accordingly, corresponding properties were identified in the form of Fixed Assets -Plant & Machinery and Lands & Buildings with these companies and the same were attached vide provisional Attachment order No. 0412014 dated 15.12.2014,” said a press release from Enforcement Directorate. (INN)