The ED, which has registered separate cases under the Prevention of Money Laundering Act (PMLA) and Foreign Exchange Management Act (FEMA) against the Kadapa MP, his associates and some civil servants, is expected to question Reddy in the Andhra Pradesh capital after notices were issued to him recently for questioning.
Sources said, ED will move court to question the YSR Congress chief. Reddy, who has been questioned over the last three days by the CBI, will have to face questions regarding his financial dealings in various business arms run by him and other investments he and his firms allegedly made overseas. A joint team of ED officials from Delhi and Hyderabad may question Reddy, sources said.
During the questioning, the ED is likely to record his statement under PMLA laws and also confront him with documents gathered by the agency during their probe till now, they said. ED has already accessed copies and related documents of the first charge sheet filed by CBI in connection with the alleged disproportionate assets case, it registered against Reddy after it moved the court in this regard.
The CBI had filed its first charge sheet against Jagan and 12 others accusing him of getting investments worth several crores from various business firms into his businesses as part of quid-pro-quo when his father (late Y S Rajasekhara Reddy) was the chief minister of Andhra Pradesh. The CBI has filed three charge sheets in the case till now.