Jagan Mohan Reddy's Rs 122 cr worth properties to be taken over by ED
of Rs 3 crore of M/s Hetero Drugs Limited, 96 acres of land of M/s APL Research Centre Limited, a 100 per cent subsidiary of Ms Aurobindo Pharma Limited, and fixed deposit of Rs 3 crore of Aurobindo Pharma.
The properties of these firms have been attached as the agency alleges that these companies received illegal favours from the then Andhra Pradesh government.
The ED attachment ensures that these properties cannot be used by the accused and he is devoid of any benefits from these assets, and such an order can be challenged by the accused at the adjudicating authority of the PMLA.
The agency has also attached 34 villa plots created in Boulder Hills, Guchibowli in Hyderabad and another piece of land in Delhi's Kalkaji under PMLA, months after the CBI had registered a criminal case in this regard.
"The proceeds of crime identified so far to the tune of Rs 71.27 crore have been attached from M/s Emaar Hills Township Private Limited (at the head of Emaar properties, Dubai) and EMGF Land Limited," the attachment order said.
