Hearing on the attachment of properties by the ED in connection with the investments in Jagan’s companies started before the Adjudicating Authority on Monday. Jagati Publications and Janani Infra have sought some more time for filing their counters. The Authory heard the arguments of Aurobindo Pharma and Hetero Chemicals which invested in Jagan’s companies. Chairman Misra has questioned the ED authorities about the evidence they have, to show that investments into Jagan’s companies were kickbacks. Misra has taken a serious note of the absence of a lawyer of the ED at the time of the hearing. He said he would not take lightly, if the ED adopts the same attitude during final hearing.
Posted : December 18, 2012 at 1:49 pm IST by
The Adjudicating Authority of the Prevention of Money Laundering (PML) act has questioned the Enforcement Directorate, how it could charge Y S Jaganmohan Reddy of misuse of power as he was in no official position at the time when the offences were stated to have been committed.
P K Misra, Chairman of the Adjudicating Authority has questioned the ED how it made provisions of the Anti Corruption Act applicable to Jagan when he was not a public servant. The chairman told the ED that he would hold final hearing on the matter on December 26 and asked the ED to give its explanation by then.