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Sunday 15 September 2013

Going by media reports, the Enforcement Directorate (ED)  has taken a possession of actor Ram Charan's property in connection with the multi-crore Emaar-APIIC township scam. With Charan happens to be son of Union Minister for Tourism K Chiranjeevi, the news has gained importance. We hear, ED on Friday took hold of around 19 plots in Boulder Hills, Manikonda in Hyderabad which also include Ram Charana and former cricketer V Chamundeswarnath.  According to government calculations, the value of assets taken in to possession under Prevention of Money Laundering Act would be around Rs 72 crore while the actual cost could be much more higher than the estimations by officials.
The operation, on Friday, at Emaar Hills Township (EHTPL) in Bounder Hills, was led by Hyderabad joint-director N Sridhar. Meanwhile, we hear ED also took over possession of four other properties of EHTPL in New Delhi. Sources say that most of 19 plots were in the name of fictitious companies, individuals, benamis and were unsold.  

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