Evaluation of Jagan`s bungalow continues

A CBI team, assisted by officials of various government departments, continued evaluation of the bungalow of YSR Congress chief and Kadapa MP Y S Jaganmohan Reddy in the posh Jubilee Hills area for the second day on Friday.

Last Updated: Oct 21, 2011, 20:34 PM IST

Hyderabad: A CBI team, assisted by officials
of various government departments, continued evaluation of the
bungalow of YSR Congress chief and Kadapa MP Y S Jaganmohan
Reddy in the posh Jubilee Hills area for the second day on Friday.

"The evaluation is going on and the exercise will
continue for a few more days as we are trying to ascertain
the amount spent on construction, land value and other
details," CBI officials said.

The CBI would also conduct evaluation of other buildings
and properties of Jaganamohan Reddy in Bangalore and other
places in the coming days, they said.

An independent committee comprising officials from
various departments including Town Planning wing of Greater
Hyderabad Municipal Corporation is assessing value of the
Lotus Pond building.

When asked about media reports that the bungalow stands
on a 6,000 square yards plot with a built-up area of 88,000
square feet, officials only said that measurements were
underway.

The Central agency is investigating the investments by
various firms in businesses of Jaganmohan Reddy during the
time his father, the late Y S Rajasekhara Reddy, was the Chief
Minister of Andhra Pradesh.

PTI