{"id":6154,"date":"2025-04-18T10:22:17","date_gmt":"2025-04-18T10:22:17","guid":{"rendered":"https:\/\/newsofbharath.com\/?p=6154"},"modified":"2025-04-18T10:22:18","modified_gmt":"2025-04-18T10:22:18","slug":"793-crore-in-jagans-disproportionate-assets-case","status":"publish","type":"post","link":"https:\/\/newsofbharath.com\/?p=6154","title":{"rendered":"793 crore in Jagan’s disproportionate assets case"},"content":{"rendered":"
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NOB_Jagan’s disproportionate of assets case<\/figcaption><\/figure>\n<\/div>\n\n\n

NOB- Andhra Pradesh news:<\/strong> Dalmia Bharat Cements Limited (DBCL) has suffered a setback in Jagan’s disproportionate assets case. The Enforcement Directorate (ED) has attached assets worth Rs. 793.34 crore belonging to the company. The CBI had registered a case in 2011 against Dalmia Cements’ investment in Bharati Cements, owned by YSRCP chief Jagan Mohan Reddy. The ED said that it has ordered the attachment of DBCL’s assets based on that case. DBCL had previously invested in Hyderabad. It explained that the land purchased for Rs. 377.26 crore was attached. There are criticisms that YSR, when he was the Chief Minister, used his influence to raise a large amount of equity and loans for Bharathi Cements, owned by his son Jagan Mohan Reddy. Jagan and his companies bought four and a half crore shares of Bharathi Cements at Rs. 10 each. The remaining shares were bought by companies like Dalmia Cements, India Cements, and Matrix Prasad at Rs. 94 to Rs 175 each, raising suspicions. Even after that, Dalmia Cements bought 2 lakh shares at a price of Rs. 1,440. The CBI identified money laundering and registered a case. Now, the ED has issued orders for the temporary seizure of DBCL assets on the same charges.<\/p>\n","protected":false},"excerpt":{"rendered":"

NOB- Andhra Pradesh news: Dalmia Bharat Cements Limited (DBCL) has suffered a setback in Jagan’s disproportionate assets case. The Enforcement Directorate (ED) has attached assets worth Rs. 793.34 crore belonging to the company. The CBI had registered a case in 2011 against Dalmia Cements’ investment in Bharati Cements, owned by YSRCP chief Jagan Mohan Reddy. […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[4],"tags":[8662,86,85,805,8661,35,381,334,421,34,362,8663,3843],"class_list":["post-6154","post","type-post","status-publish","format-standard","hentry","category-news","tag-793-crores","tag-barat-news","tag-bharath-news","tag-hyderabad","tag-jagans-disproportionate-of-assests-case","tag-news-of-bharath","tag-news-of-india","tag-newsofbarath-com","tag-newsofbharath","tag-newsofbharath-com","tag-newsofbharath-coom","tag-shares","tag-ysr"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t