Charges against Jagan Mohan Reddy for Ramky
The ED's Hyderabad zonal officer had initiated investigations under the Prevention of Money Laundering Act, 2002.
By : DC Correspondent
Update: 2016-03-30 19:26 GMT
Hyderabad / Visakhapatnam: The Enforcement Directorate on Wednesday filed a chargesheet in YSRC leader Mr Y.S. Jagan Mohan Reddy’s quid pro quo investments case pertaining to Ramky.
The chargesheet has been filed against Mr Jagan Mohan Reddy, his auditor Mr Vijay Sai Reddy, Ramky CMD Mr Ayodhya Rami Reddy and IAS official Mr Venkatram Reddy.
The ED’s Hyderabad zonal officer had initiated investigations under the Prevention of Money Laundering Act, 2002, against Ramky and others based on a CBI chargesheet alleging that Ramky Pharma City India Ltd had unduly gained 914 acre in the Jawaharlal Nehru Pharma City in Vizag by reducing the “green belt” from 250 metre to 50 metre.