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Officials of the Enforcement Directorate (ED) and the Central Bureau of Investigation today interacted here to strategise follow up action possibly working together in the disproportionate assets case of Mr Y.S. Jaganmohan Reddy, Member of Parliament, and president YSR Congress Party and Emaar Properties cases.
This development comes in the wake of the ED entering the fray initiating investigations into these two high profile cases involving son of late Chief Minister, Y.S.R. Reddy, and various financial transactions made into his companies by individuals and companies and Andhra Pradesh Industrial Infrastructure Corporation Ltd., whose former Chairman and Managing Director, Mr B.P. Acharya, are being probed for alleged irregularities.
The Officials from ED are learnt to have listed out individuals for questioning from money laundering perspective both in the country and some individuals based overseas. The issue relates to money diversion through the Mauritius route.
Meanwhile, the CBI has taken up further investigation into investments made into Vanpic by Mr Nimmagada Prasad. The mega project seeks to develop an industrial corridor, port and industrial hub.
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