Hyderabad: The Enforcement Directorate is all set to step in to probe the money laundering angle in the alleged disproportionate assets case involving arrested Kadapa MP YS Jagan Mohan Reddy after a team from the Delhi unit of ED arrived in Hyderabad on Tuesday.
The ED is likely to file a petition in the Special CBI Court seeking custody of Jagan for questioning him in connection with the alleged money laundering. In case the ED gets the nod from the court, it is likely that the Jagan saga will shift to Delhi, perhaps permanently.
Sources told Express that the ED team is already in touch with CBI officials and giving final touches to their plan of action. ED had registered a separate case under the Prevention of Money Laundering Act (PMLA) and Foreign Exchange Management Act (FEMA) against Jagan and others.
"The stepping in of ED is imminent and it intends to question Jagan with regard to the financial transactions of his companies, investments he is said to have made overseas, including in Luxembourg and Mauritius. They will record his statement as they have already moved ahead with the probe and gathered some documents," a top source said.
The ED had earlier sought the court’s permission to record the statements of the accused in the three cases (Jagan Mohan Reddy’s alleged illegal assets, Obulapuram Mining Company’s illegal mining and Emaar scam) for probe under PMLA.
Meanwhile, the Special CBI Court on Tuesday issued a Prisoner Transit (PT) warrant against Jagan and summons to his confidante V Vijay Sai Reddy and Jagathi Publications to appear before it on June 11. The warrant and summons were issued after the court took cognisance of the second chargesheet filed by the CBI earlier, in which Jagan Mohan Reddy, Vijay Sai Reddy and Jagati Publications are shown as accused. The chargesheet would be treated as a separate case.
While accused No 1 and 3--Jagan Mohan Reddy and JPPL--were charged under Sections 120-b read with 420 and 471, accused No 2 Vijay Sai Reddy is charged under Sections 120-b read with 420, 468 and 471 of IPC and sections of the Prevention of Corruption Act.
With Jagan Mohan Reddy lodged in prison, the court issued the PT warrant against him, while summons were issued to the two other accused. They have to appear before the court on June 11.
The CBI on Tuesday submitted the third chargesheet in the illegal assets case.
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