CBI continues searches on Jagan Reddy`s businesses

Teams of the probe agency carried out searches in Pollepalli SEZ in Mahabubnagar district and sites in Khammam district.

Hyderabad: CBI on Friday continued its search
operations on premises of various firms that invested in
business entities of YSR Congress chief YS Jaganmohan Reddy
and also in connection with "irregularities" in APIIC-Emaar
Properties land deal for the second day across Andhra Pradesh.

Teams of the probe agency carried out searches in
Pollepalli SEZ in Mahabubnagar district and sites in Khammam
district as part of investigations into the case related to
investments in business entities of Jagan.

Simultaneously searches were on at seven locations in
Hyderabad in relation to the Emaar land deal, CBI officials
said here.

Among the premises where searches were conducted include
Penna Cements, Aurobindo Pharma, Navbharat Ventures and Hetero
Drugs, they said.

"The searches are continuing... we have collected
documents as part of investigations," CBI Joint Director V V
Laxmi Narayana told the media.

The agency had yesterday started searches at various
premises of Jagan and firms which invested in his businesses
following charges that investments made in his companies were
"quid pro quo" for favours doled out by his father YS
Rajasekhara Reddy, when he was the CM.

The searches were yesterday conducted at Hyderabad,
Bangalore, Chennai, Kolkata, Rajkot, Delhi and Mumbai.

CBI on August 17 registered a case against Jagan, the
Lok Sabha MP from Kadapa, on the instructions of Andhra
Pradesh High Court under IPC sections pertaining to cheating,
criminal conspiracy, criminal breach of trust and also
Prevention of Corruption Act.

The CBI had also registered a case against Emmar-MGF, its
sister concerns and others on the allegations that favours
were granted to the realty firm by the officials under the
Rajasekhara Reddy government in the execution of a posh real
estate project at Manikonda here.

CBI officials had yesterday searched the residence of
Principal Secretary (Home) BP Acharya, then MD of Andhra
Pradesh Industrial Infrastructure Corp with him Emmar-MGF had
entered into a deal.

The agency registered the case against the real estate
developer on the instructions of the high court under relevant
sections of IPC and Prevention of Corruption Act.


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