 "ED attaches assets of Jagan's media house")
The Enforcement Directorate (ED) on Monday made a provisional attachment of Rs 47-crore worth of properties, including the plant and machinery and buildings of Telugu newspaper Sakshi as well as the television channel of the same name, promoted by YSR Congress Party President Y S Jagan Mohan Reddy.
These properties pertain to Jagati Publications Limited, Janani Infrastructure Private Limited and Indira Television Limited. The case was initiated by the Central Bureau of Investigation (CBI) in a charge sheet number 14 filed in September, 2013 against Jagan’s companies for alleged receipt of money from PR Energy Holdings Limited in return of undue benefits granted to Penna Group of Companies, according to a statement issued by the ED Joint Secretary K S V V Prasad.
The investigation by the ED revealed that Carmel Asia Holdings Private Limited, one of Jagan’s companies, had received Rs 23 crore and Jagati Publications had received Rs 45 crore from PR Energy Holdings Limited, totalling Rs 68 crore in return for granting undue favours like grant of mining leases and alienation of government land, among other things, the statement said.
Jagan and several others, including high profile businessmen have been facing the charges of quid pro quo investments involving the decisions made by the state government when his father was the chief minster.
These properties pertain to Jagati Publications Limited, Janani Infrastructure Private Limited and Indira Television Limited. The case was initiated by the Central Bureau of Investigation (CBI) in a charge sheet number 14 filed in September, 2013 against Jagan’s companies for alleged receipt of money from PR Energy Holdings Limited in return of undue benefits granted to Penna Group of Companies, according to a statement issued by the ED Joint Secretary K S V V Prasad.
The investigation by the ED revealed that Carmel Asia Holdings Private Limited, one of Jagan’s companies, had received Rs 23 crore and Jagati Publications had received Rs 45 crore from PR Energy Holdings Limited, totalling Rs 68 crore in return for granting undue favours like grant of mining leases and alienation of government land, among other things, the statement said.
More From This Section
In continuation of the investigation the ED found that out of the Rs 68 crore, an amount of Rs 47 crore, which constitutes the proceeds of crime, has been invested in Jagati Publications, Janani Infra and Indira Television in the form of fixed assets, including lands and buildings, leading to their attachment.
Jagan and several others, including high profile businessmen have been facing the charges of quid pro quo investments involving the decisions made by the state government when his father was the chief minster.