The Directorate of Enforcement (ED) on Monday temporarily attached properties valued at Rs. 53 crore belonging to industrialist I. Syam Prasad Reddy in the quid pro quo investments case against YSR Congress president Y.S. Jaganmohan Reddy and others.
The properties temporarily attached by the ED include 153 acres land at Mamidipally SEZ in Saroornagar mandal of Ranga Reddy District, 100 acres land belonging to SPR Properties at the same place and a residential property worth Rs. 3.11 crore of the Walden Group at Jeedimetla here, according to official sources. The last two firms are companies in the Indu Group.
The ED's fresh move is based on the CBI chargesheet in the Indu Tech Zone aspect of the 11 quid pro quo cases and its own investigation. The enforcement agency has concluded that Mr. Syam Prasad Reddy was allotted over 250 acres land in Mamidipally SEZ in violation of norms in return of his Rs.70 crore investments in Mr. Jaganmohan Reddy's group companies.
