Jagan vs ED- Will it help him politically?

Vicky Nanjappa

jagan A couple of hours after the Election Commission of India announced the dates for the elections, there was another major development in Andhra Pradesh. In probably one of the biggest seizures, the property of Jagan Mohan Reddy amounting to Rs 863 crore was attached by the Enforcement Directorate. The attachment was made in connection with the Vadarevu and Nizampatnam Industrial Corridor or VANPIC case which is being investigated by the Central Bureau of Investigation.
The properties that have been attached by the Enforcement Directorate are said to be held by Jagan Reddy and his group of companies. Under the scanner during the attachment are the Carmel Asia Holdings Private Limited and Jagathi Publications Limited. Giving a break up of the same, sources say that the properties attached comprise plant and machinery, shares and fixed deposits. The ED also attached the properties of industrialist Nimmagadda Prasad which include G2 Corporate Services…

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