Jagan likely to be quizzed by ED this week

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YSR Congress chief Y. S. Jagan Mohan Reddy may be questioned by the Enforcement Directorate in connection with the money laundering and foreign exchange violations case registered against him and his associates.

Official sources said the Kadapa MP could be asked to appear before the agency either in Hyderabad or Delhi this week for a detailed questioning as the initial probe has been conducted after questioning few officials of his company.

The ED has registered a case under the provisions of Prevention of Money Laundering Act (PMLA) against him and is also probing alleged contravention of foreign exchange rules in his financial transactions and investments.

The ED action has come after the CBI had registered a case against the son of former Andhra Pradesh Chief Minister Y. S. Rajasekhara Reddy and had searched various premises belonging to him.

The CBI, sometime back, had called him for questioning in connection with the alleged multi-crore iron ore mining scam.

The CBI is said to be probing alleged nexus between Jagan Mohan and former Karnataka minister Gali Janardhana Reddy who owns Obulapuram Mining Company.

The ED has conducted a probe to trail the funds pumped by the the MP and his associates into the companies owned by them.