ED to seize Jagan Reddy’s properties

ED to seize Jagan Reddy's properties Enforcement Directorate will seize YSR Congress chief Jaganmohan Reddy’s properties worth Rs 122 crore.

The adjudicating authority of the Prevention of Money Laundering Act (PMLA) issued two separate attachment orders on Wednesday which gives green signal to ED to seize Reddy’s properties worth  Rs 51 crore and Rs 71 crore respectively.

Jagan Reddy will not be able use the property, neither he can sale it, nor he can give it out for rent.

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