HYDERABAD: The Enforcement Directorate (ED) Particular Courtroom at Hyderabad on Friday adjourned a case Registered with the ED Mentioning irregularities at Indu Projects Ltd-then Andhra Pradesh Housing Board chargesheet on June 30.
AP chief minister YS Jagan Mohan Reddy, his comparative and TTD chairman YV Subba Reddy, YSRC MLA Vasantha Venkata Krishna Prasad and the others have been named as accused in the chargesheet.
Although the ED acquired its substance by the CBI quid pro quo situation, what was important within this chargesheet is the ED didn’t make YSRC MP along with Jagan’s auditor V Vijaya Sai Reddy within an accused in this situation.
He has been an accused at the corresponding CBI case.
Though the CBI situation charges the accused of causing wrongful loss to the country and its home board by obeying its prime property plots in Hyderabad, the ED situation lists its attempts to monitor the money created by the offense narrated from the CBI situation.
Indu Projects CMD Syam Prasad Reddy, Bengaluru-based real estate Jitendra Mohandas Virwani, Cyberabad Hitech Integrated Township Development Corporation, Indu Projects, Indu Eastern Province Projects, Indu Royal Homes, Vasantha Projects and Embassy Property Developments Pvt Ltd business were revealed as other detained at the ED chargesheet.
Each of the accused and also the agents of the accused things have emerged before the court at virtual manner — several in person and a few through their own counsel.
The CBI alleged the Syam Prasad carted away 135 acres of prime government property plots at Greater Hyderabad when overdue YS Rajasekhara Reddy had been the CM at the guise of creating villas at a joint venture together with the subsequently APHB.
Among many allegations the CBI had levelled against Syam Prasad is he gave off a two-acre plot belonging to this home board into Subba Reddy.
The ED had connected Rs 117 crore values resources of Indu Projects at January 2018.
