BackED issues summons to Jaganmohan Reddy
ED issues summons to Jaganmohan Reddy
PremiumA file photo of Jaganmohan Reddy
Hyderabad: Widening its probe into the finances of YSR Congress chief Y. S. Jaganmohan Reddy, the Enforcement Directorate (ED) has issued summons to him in connection with the money laundering case against the MP.
The ED has registered a case under the provisions of Prevention of Money Laundering Act (PMLA) against him and is also probing alleged contravention of foreign exchange rules in his financial transactions and investments, sources said.
The ED action comes days after the CBI had searched various premises belonging to him.
The CBI, which has also registered a case against him, had called him recently for questioning in connection with the alleged multi-crore iron ore mining scam.
The agency is said to be probing alleged nexus between Jaganmohan and former Karnataka minister Gali Janardhana Reddy who owns Obulapuram Mining Company.
The case was registered after ED conducted a probe to trail the funds pumped by the Kadapa MP and his associates into the companies owned by them.
• Keep up with latest news/ views on the livemint Facebook page
• Follow livemint on Twitter for latest news / views / full coverage
Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!
