Prevention of Money Laundering Act (PMLA) has discovered fault in Enforcement Directorate (ED) in the quid pro quo speculation case between Andhra Pradesh CM YS Jagan and Penna Cements. ED has claimed that for 45 crore of interest in Jagathi Group at an advantage of Rs 1.1 crore is past creative mind.
The council said the speculations are certified and ED can’t take the claims made in CBI chargesheet and FIR into thought without checking the certainties as they are not demonstrated in the court or court. There are next to no charges of PMLA examination and Enforcement Directorate can’t assume control over the 231 sections of land of Penna concretes in Anantapur.
Enforcement Directorate has denounced that Penna organization made interests in Jagathi to get the land and different advantages. This was tested by Penna bonds and in the end, the decision came to support them.
This is a gigantic help for Jagan. In the 2011, Enforcement Directorate had booked both Jagan and Penna Cements in the quid pro quo venture push and in the wake of eight monotonous years, the progression was laid forward.