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Ed Attaches Jagan Mohan Reddy’s Property: ED action against Jagan Mohan Reddy, property worth crores, Ed takes action against Jagan Mohan Reddy, Property Worth Croes Seized

by Amit Tripathi
April 19, 2025
Ed Attaches Jagan Mohan Reddy's Property: ED action against Jagan Mohan Reddy, property worth crores, Ed takes action against Jagan Mohan Reddy, Property Worth Croes Seized

New Delhi. The Enforcement Directorate (ED) has seized crores of assets against former Andhra Pradesh Chief Minister Jagan Mohan Reddy, taking action. The investigating agency has taken this action in the case related to about 14 years old money laundering. Apart from Reddy’s assets of 27.5 crores, the ED has also attached 377.2 crore property of Dalmia Cements Bharat Limited (DCBL). At the same time, DCBL claims that the price of its seized property is Rs 793.3 crore. Jagan Mohan is alleged to have provided government benefits to private companies due to the influence of his late father and then Chief Minister YSR Reddy and invested in his own companies.

The ED has seized shares in Jagan Mohan Reddy’s Saraswati Power and Industries Private Limited, Harsha Firm and Carmel Asia Holdings Limited. The CBI had registered an FIR in the case in 2011. It is alleged that DCBL invested in Bharti Cement Corporation Private Limited which belongs to Jagan Mohan Reddy. Jagan is alleged to have given DCBL a mining lease in an area of ​​407 hectares in Kadappa district, taking advantage of the influence of his father and then Chief Minister YS Rajasekhar Reddy.

According to the ED, Rs 95 crore was invested by DCBL at Raghuram Cements Limited Company representing Jagan Mohan Reddy. The ED and CBI also allege that the shares of Raghuram Cements Limited were sold to a French company for 135 crores under the contract between Jagan Mohan Reddy and DCBL. It was paid through hawala to Jagan in Rs 55 crore cash. In April 2013, a charge sheet was filed against Jagan and other accused in the case.

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