Jagan Has No Answer For ED Questions
Posted by Admin on Monday, 16 July 2012 | 0 comments
As expected, Enforcement Directorate is not able to wrap their questioning of Jagan in a day and it is extending for couple of days now. Insiders revealed that the officials have bowled out Jagan with a single question for which the YSR-C chief is not able to give answer.
'Though the French company owns 51% shares in Bharathi Cements, why are you (Jagan) still holding the ownership rights?' asked Enforcement Directorate to Jagan. Some reports in print-media claimed that Jagan went speechless at this question. ED is said to be suspecting that the French company is nothing but a Jagan's duplicate setup abroad to launder illegal money. Both Bharathi Cements and Jagathi Publications got their major investments from Mauritius and France. ED's main accusation is that Jagan has sent bribes received as 'quid pro quo' to these countries and acquired them back as investments.
All these speculations are ruling the columns of print media and we have to see what Enforcement Directorate will say about this.
'Though the French company owns 51% shares in Bharathi Cements, why are you (Jagan) still holding the ownership rights?' asked Enforcement Directorate to Jagan. Some reports in print-media claimed that Jagan went speechless at this question. ED is said to be suspecting that the French company is nothing but a Jagan's duplicate setup abroad to launder illegal money. Both Bharathi Cements and Jagathi Publications got their major investments from Mauritius and France. ED's main accusation is that Jagan has sent bribes received as 'quid pro quo' to these countries and acquired them back as investments.
All these speculations are ruling the columns of print media and we have to see what Enforcement Directorate will say about this.
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