ED raids companies linked to YSRC chief Jagan Mohan Reddy

Searches were conducted at Rajeshwar Exports and others companies said to be related to Jagan.

The Enforcement Directorate is said to have conducted searches at shell companies belonging to YSR Congress chief Jagan Mohan Reddy. In a massive crackdown on shell companies, the ED is conducting searches in over a hundred locations across the country and a few firms said to be linked to Jagan Mohan Reddy are also under the radar.

Searches were conducted at Rajeshwar Exports and others companies said to be related to Jagan. The ED officials conducted searches to understand the modus operandi, reports said.

The searches at companies alleged to have links with the politician come on the heels of ED submitting that another prominent politician, NCP leader Chhagan Bhujbal laundered Rs 291.71 crore. The ED in its submission to the Prevention of Money Laundering Act court had claimed that his nephew Sameer had also laundered Rs 359.30 crore. The claims were made in enforcement directorate's draft of charges against the Bhujbals and 51 other associates.

Meanwhile, close to half a dozen people from Chennai, Bengaluru were taken for questioning by Enforcement directorate officials even as searches for shell companies continued across the country.

OneIndia News