Andhra Pradesh: ED Attaches JC Prabhakar's Properties Worth Crores Under PMLA

The Enforcement Directorate (ED) on Wednesday has attached JC Prabhakar Reddy and his associate Gopal Reddy’s assets worth Rs. 22.10 Cr in an ongoing investigation under PMLA. 

ED officials initiated the probe into the money laundering aspect of the case regarding Prabhakar Reddy’s companies securing fake BS IV pollution certification for BS III vehicles.

According to sources, Prabhakar Reddy had purchased 154 heavy vehicles from a dealer a few years ago and these vehicles were registered as belonging to the BS IV category. It was reported that these vehicles were manufactured in the BS III class. Following this, a case of forgery was registered against JC Travels which belongs to Prabhakar Reddy.

Also Read: JC Prabhakar Reddy Appears Before ED in JC Travels Case