Tuesday, June 11, 2013

ED freezes 35cr in FDs of Jagan media company

New Delhi: A day after the Congress faced a setback in Andhra Pradesh with two of its MPs resigning to join TRS, former CM YSR’s son Jagan Mohan Reddy found himself in trouble again with the Enforcement Directorate (ED) issuing orders for attachment of around Rs 35 crore of his companu’s fixed deposits.

The ED has attached the fixed deposits of Rs 34.66 crore belonging to Jagati Publications lying with Oriental Bank of Commerce in Hyderabad under section 5 (1) of the Prevention of Money Laundering Act (PMLA).
Deeptiman Tiwary TNN

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