ED allowed to record statements of scam accused under PMLA

The ED which has already got access to chargesheets and related documents filed by CBI pertaining to these cases,had last month moved the court to question the accused under the Prevention of Money Laundering Act.

However,the accused objected to the questioning by ED saying it was not permitted under the law.

The agency had stated that a prima facie case was out against them under the provisions of PMLA.

In the OMC case,the ED has sought permission to record statements of suspended IAS officer Y Srilakshmi,OMC’s Managing Director B V Srinivas Reddy and former mining director V D Rajagopal.

In the Jagan assets case,the ED wanted to record statements of industrialist Nimmagada Prasad,senior bureaucrat K V Brahmananda Reddy and suspended IAS officer B P Acharya,while in the Emmar scam it sought to record statements of B P Acharya,industrialists Koneru Prasad,N Sunil Reddy and Emaar’s top executive G V Vijay Raghav.

The ED which has registered separate cases under the Prevention of Money Laundering Act and Foreign Exchange Management Act against YSR Congress chief Y S Jaganmohan Reddy,last week moved the court seeking to record Jagan’s statement. Jagan is in judicial custody till June 25.