Hyderabad: In a major blow to AP Opposition leader Y.S. Jagan Mohan Reddy, the Enforcement Directorate on Wednesday attached properties worth Rs 749.1 crore including Sakshi Towers on Road Number 1 Banjara Hills, land in Bengaluru-Yelahanka and buildings owned by his companies — Sandur Power, Saraswati Power, Silicon Builders and Classic Reality.

Fixed deposits in the name of his wife Bharati Reddy, and his shares in Bharati Cement Corpo-ration Limited were also attached in the quid pro quo case of Bharati Cements.

The building in Bengaluru, named Commerce@mantri, worth Rs 50 crore and 903 acres land of Saraswati Power in Guntur were among the major assets attached. Sakshi Towers is in the name of Shalom Infrastructure Limited.

ED joint director S.A. Umashanker Goud said the CBI had filed a chargesheet under criminal conspiracy, cheating and Prevention of Corruption Act against Jagan Mohan Reddy and others who allotted mining lease to Bharati Cement Corporation Private Limited illegally and received bribes from various persons and companies in the guise of investments into his group of companies.

“This is quid pro quo investment for undue favours granted by them. ED Hyderabad zone has registered money laundering cases against Jagan Mohan Reddy and others under PMLA based on the CBI chargesheet," Mr Goud said.

ED investigations into the money laundering cases revealed that Reddy had allegedly laundered the proceeds of crime into his companies — Sandur Power Company Private Limi-ted, Classic Reality Pri-vate Limited, Silicon Builders Private Limi-ted, Saraswati Power and Industries Private Limited and 10 others.

It is alleged that Bharati Cement had received the proceeds of crime in the form of limestone, which was mined from the Kadapa limestone mines allotted to them.

ED has attached Rs 344.3 crore of immovable properties and Rs 404.7 crore of movable properties. The Enforcement Directorate also attached properties of Utopia Infra and Capstone Infra and Harish Infra at Hakimpet, Nivish Infra’s land at Rajendrnagar, Inspire Hotels Private Limited’s 32-acre land at Maheswaram, Revan Infra’s nine-acre land in Karnataka and Bhaga-vanth Sannidhi Estates’ land in Bengaluru.

Land owned by Bharathi Reddy in Raidurg, a residential unit owned by one Jella Jagan Mohan Reddy, 27-acre in Kadapa, shares in Bharathi Cements, and fixed deposits in the name of several companies were also attached.