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DA case: ED team lands in Hyderabad; to move court to question Jagan

ED registered separate cases under PMLA,FEMA against the Kadapa MP.

Written by Agencies | Hyderabad | Published: May 29, 2012 4:52:51 pm

A team of Enforcement Directorate (ED) officials from Delhi has arrived in Hyderabad and will approach a local court for questioning YSR Congress chief Y S Jagan Mohan Reddy who has been arrested by CBI in a disproportionate assets case.

The team will get in touch with CBI officials probing the case to present its plea in court here for questioning Reddy,ED sources said on Tuesday.

The ED has registered separate cases under the Prevention of Money Laundering Act (PMLA) and Foreign Exchange Management Act (FEMA) against the Kadapa MP,arrested by CBI on May 27,his associates and some civil servants,they said.

The Directorate wants to question 39-year-old Reddy,who was sent to a jail yesterday after being remanded in 14 days of judicial custody by a CBI court,with regard to financial dealings in various firms run by him and other investments he and his companies allegedly made overseas,they said.

The ED team in this regard will comprise officials from Delhi and Hyderabad,the sources said.

The Directorate wants to record his statement under PMLA and also confront him with documents gathered by the agency during its probe till now,they said.

The ED has already accessed documents relating to first chargesheet filed by CBI in connection with the disproportionate assets case registered against Reddy,the sources said

The CBI’s first chargesheet in the case was against Reddy and 12 others and had accused him of getting investments worth several crores from various business firms into his businesses as part of quid-pro-quo when his father (late Y S Rajasekhara Reddy) was the chief minister of Andhra Pradesh.

The CBI has filed three chargesheets in the case till now.

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