High Court orders inquiry into Naidu`s assets

The Andhra Pradesh High Court on Monday asked the CBI and Enforcement Directorate to conduct an investigation into the assets of N Chandrababu Naidu.

Last Updated: Nov 14, 2011, 15:28 PM IST

Hyderabad: The Andhra Pradesh High Court
on Monday asked the CBI and Enforcement Directorate to conduct an
investigation into the assets of former Chief Minister and
Telugu Desam Party president N Chandrababu Naidu.

A bench comprising justices Ghulam Mohammed and Nooti
Ramamohan Rao gave these orders on a petition filed on October
17 by YSR Congress honorary President and Pulivendula MLA Y S
Vijaya.

Vijaya, widow of late Chief Minister Y S Rajasekhara
Reddy, filed the petition seeking a probe by the CBI and the
ED against Naidu on various counts.

"Several individuals have conspired with Chandrababu
Naidu to subvert the system by causing pecuniary advantage to
themselves and draining the state`s exchequer. Offences of
cheating, criminal breach of trust, corruption, money
laundering and several others are made out against them,"
Vijaya prayed in the petition.

"It is in the greatest public interest that Naidu and the
other private respondents be investigated at the earliest by
both the CBI and the ED, as the offences are of a national and
international nature, and which have ramifications across the
nation," the petition said.

The court directed CBI, ED and SEBI to complete the
investigation and submit reports independently within three
months.

PTI