Two Enforcement Directorate orders for attachment of assets worth Rs.122 crore in connection with the ongoing investigation into money laundering charges against YSR Congress chief Y.S. Jaganmohan Reddy has been confirmed by the Adjudicating Authority, paving the way for confiscation of the properties in question.
According to agency sources, the attachment orders for two sets of properties worth Rs.51 crore and Rs.71 crore were issued a couple of months ago.
“The orders have now been confirmed by the Adjudicating Authority. Hence, the properties can now be attached by the ED,” said a source, adding that some more attachment orders against Jaganmohan Reddy were to be issued in the coming days.
The ED had earlier issued another order under the Prevention of Money Laundering Act for attachment of immovable and movable assets worth Rs.143.74 crore and the matter is presently pending with the Adjudicating Authority.