Amaravati: PMLA orders to release attached assets of CM Jagan

Date:

The Enforcement Directorate(ED) Appellate Tribunal has sought the seizure of assets worth Rs 700 crore, including Lotus Pond’s residence in Sakshi, Sakshi’s head office in Banjarahills, Commerce Minister’s Building in Bangalore and Jagan’s shares in several companies.

The YS Bharati defaulting on foreclosure of the assets has been ordered by the ED tribunal to release them immediately.YS Jagan and Nimmagadda Prasadare relieved from Vanpic case.
With the Tribunal’s decision, 42 acres of land in Idupalapaya, 16 acres in Pulivendu and shares in Banjarahills Sagar society released.
The tribunal has also suspended the confiscation of assets of Rs. 325 crores. The tribunal has asked Nimmanadda to provide a bank guarantee of Rs 274 crore.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

spot_img

Popular

More like this
Related

“Exciting News: Samantha’s Latest Series Now Available to Stream!”

Tollywood star heroine Samantha is back to entertain audiences...

“Pushpa-2 Update: Is That Iconic Song In or Out?”

The excitement around icon star Allu Arjun’s latest movie...

“Unexpected Twist: Are Pushpa 2 Rumors Becoming Reality?”

Icon stars Allu Arjun and Rashmika Mandanna return as...

“Latest Update on ‘Lucky Bhaskar’ OTT Release Date!”

Malayalam star Dulquer Salmaan's latest film, Lucky Bhaskar, is...