NEW DELHI: The Enforcement Directorate(ED) has registered a money-laundering case against YSR Congress chief Y S Jagan Mohan Reddy, his associates and builder Emaar-MGF, days after the CBI had searched various premises belonging to him.The case was registered after the ED conducted a probe to trail the funds pumped by the MP and son of former Andhra Pradesh chief minister Y S Rajasekhara Reddy and his associates into the companies owned by them, ED sources said Tuesday.The agency, according to sources, is expected to speed up the probe in this case and register separate cases under foreign currency exchange laws, making the CBI chargesheet in this case as the basis for its action.The CBI has already registered a case against Reddy on the direction of the Andhra Pradesh High Court under relevant sections of the IPC pertaining to cheating, criminal conspiracy, criminal breach of trust and also under the provisions of the Prevention of Corruption Act.It had on August 18 searched the premises of Reddy, his associates and Emaar-MGF in Hyderabad, Bangalore, Chennai, Kolkata, Rajkot, Delhi and Mumbai in this connection.“CBI has registered a case...against a Member of Parliament from Andhra Pradesh, and others, on the orders of the High Court of Andhra Pradesh...on the allegation that the investors invested in the companies owned and promoted by the MP at very high premiums as a quid-pro-quo for the favours doled out by the then CM of Andhra Pradesh,” the CBI had said earlier.
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