ED to question Jagan's financial adviser

Oct 25, 2012 |

NEW DELHI/HYDERABAD

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Enforcement Directorate has summoned financial adviser of jailed YSR Congress chief Jaganmohan Reddy later this month with regard to a money laundering case it is probing against the young politician.

The financial adviser and Chartered Accountant, V. Vijay Sai Reddy, according to sources, has been asked to depose before agency officials on October 29 at its headquarters in Delhi and answer questions with regard to Jagan's investments.

The agency has asked him to record his statement in this case after it got certain leads while questioning Jagan in a Hyderabad jail.

Reddy, sources said, has allegedly been instrumental in conducting various deals and financial investments on Jagan's behalf and the probe agency wants to obtain more information from him in this regard.

He has been questioned by ED earlier in connection with Prevention of Money Laundering (PMLA) case registered against the Kadapa MP and his associates.

The ED has earlier attached Jagan's assets and others worth Rs 51 crore under the provisions of PMLA. A special CBI court in Hyderabad today had extended till November 8 the judicial remand of Jaganmohan Reddy, who was arrested in May this year in the disproportionate assets case.

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