All posts tagged: Dalmia Cements

ED Attaches Jagan Mohan Reddy’s Assets In 14-Year-Old Money Laundering Case

ED Attaches Jagan Mohan Reddy’s Assets In 14-Year-Old Money Laundering Case

Last Updated:April 18, 2025, 13:06 IST The ED attached shares worth Rs 27.5 crore belonging to Reddy, along with land worth Rs 377 crore belonging to Dalmia Cements in connection with a money laundering probe. The move comes amid a money laundering probe, where DCBL made an investment in one of Reddy’s companies. (PTI) More than a decade after the initial case was registered, the Enforcement Directorate (ED) has taken significant action in its money laundering investigation against former Andhra Pradesh Chief Minister YS Jagan Mohan Reddy and Dalmia Cements (Bharat) Limited (DCBL) by provisionally seizing assets valued at over Rs 800 crore. The probe agency attached shares worth Rs 27.5 crore belonging to Reddy, along with land worth Rs 377 crore belonging to Dalmia Cements. However, DCBL said in an exchange filing that the current value of the property stands at Rs 793.3 crore. This copy is being updated. Location : Visakhapatnam, India, India News india ED Attaches Jagan Mohan Reddy’s Assets In 14-Year-Old Money Laundering Case Disclaimer: We do not own any of …