Hyderabad: A local court Friday extended the
CBI custody of V Vijay Sai Reddy, vice
chairman of Jagati Publications and an accused in the disproportionate assets case against Y S Jaganmohan Reddy by three-day.
Andhra Pradesh High Court had yesterday set aside another
court`s order granting the agency further custody of Vijay
Sai, saying that it should approach the regular court.
The agency moved the special court for CBI cases today,
which remanded Vijay Sai to further custody from January 14 to 16. He will have to be produced in the court on January 17.
The court has also made an `initial recommendation` to
Hyderabad District Collector to accord a special class
prisoner status to Vijay Sai, lodged in Chanchalguda Jail here
since the arrest on January 2.
CBI had told the court that Vijay Sai had revealed some
incriminating facts during the interrogation, but he was yet
to be confronted with some vital information.
The CBI`s FIR against Jaganmohan and 73 others (including
Vijay Sai) alleges that several firms, who had been granted
favours by the state government, invested in Jaganmohan-
promoted companies at a high-premium -- by way of quid pro quo
-- during the time his father, the late Y S Rajasekhar Reddy, was the Chief Minister of Andhra Pradesh.