Y.S. Jagan Mohan Reddy. File photo
The Enforcement Directorate (ED) has approached the Telangana High Court seeking directions for the speedy, day-to-day trial of money laundering cases against YSR Congress Party (YSRCP) president and former Andhra Pradesh Chief Minister Y. S. Jagan Mohan Reddy and others, citing prolonged delays in proceedings that have remained pending for nearly a decade.
The agency filed a writ petition on September 23, 2026, seeking directions to expedite the trial and ensure the personal appearance of all accused in the prosecution complaints filed under the Prevention of Money Laundering Act (PMLA), 2002.
In a press release issued on Saturday (October 10, 2026), the ED said it had filed nine prosecution complaints against Jagan Mohan Reddy and others before the Special Court for CBI cases in Nampally, Hyderabad, between 2016 and 2021.
Although cognisance has been taken in all nine complaints, the cases remain at a preliminary stage, with discharge petitions awaiting hearings.
The agency pointed out that despite several years having elapsed since cognisance was taken, there had been no significant progress in the proceedings. It said the pendency of discharge petitions had delayed further progress in the prosecution complaints.
The ED’s investigation stems from FIRs registered by the Central Bureau of Investigation (CBI) following directions issued by the erstwhile Andhra Pradesh High Court in 2011.
The CBI cases concern allegations that Jagan Mohan Reddy and others conspired to extend government favours to large corporations and individuals in exchange for investments in companies owned by him and his family members.
According to the ED, its investigation revealed that several companies and individuals made substantial investments through share subscriptions at exorbitant premiums in firms associated with the YSRCP president and his family.
The investors named by the agency include Aurobindo Pharma Ltd., Hetero Drugs Ltd., Indu Projects Ltd., Indu Techzone Pvt. Ltd., Lepakshi Knowledge Hub Pvt. Ltd., VANPIC Projects Pvt. Ltd., VANPIC Ports Pvt. Ltd., Nimmagadda Prasad, Ramky Pharma City (India) Ltd. and India Cements Ltd.
The investments were allegedly made in companies including Bharati Cement Corporation Pvt. Ltd., Jagati Publications Ltd. and Janani Infrastructure Pvt. Ltd., as part of a quid pro quo arrangement for favours extended by the then Andhra Pradesh government during the tenure of Jagan Mohan Reddy’s father, the late Y.S. Rajasekhara Reddy.
ED cites Supreme Court observations
In its petition, the ED referred to observations made by the Supreme Court in a criminal appeal involving Jagan Mohan Reddy and the CBI in 2013, emphasising the seriousness of economic offences.
The agency cited the apex court’s observations that economic offences involving deep-rooted conspiracies and substantial losses of public funds required a different approach, considering their potential impact on the country’s economy and financial health.
Invoking the right to a speedy trial under Article 21 of the Constitution, the ED requested the High Court to direct the criminal justice system to ensure that the proceedings were conducted with reasonable expedition.
The agency also sought directions for day-to-day hearings of the prosecution complaints and the pending discharge petitions to prevent further delays. The ED maintained that the cases had remained pending for nearly 10 years and that the chronology of proceedings demonstrated the absence of reasonable expedition in prosecuting the matter. Further investigation is under way, the agency added.
Published – October 10, 2026 03:13 pm IST
