I-T seeks docs from CBI regarding Jagan probe
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Last Updated: Monday, October 31, 2011, 19:13
  
Hyderabad: The Income Tax department on Monday approached a local court seeking copies of the documents seized by CBI during the probe of corruption allegations against Kadapa MP Y S Jaganmohan Reddy and the alleged irregularities in the Emaar Properties land deal.

I-T officials here have filed two applications before the special CBI court, seeking directions to the central probe agency to provide information on the seized material, so that they could frame pending assessment of Jagan, of some companies owned by him and the Emaar Hill Township Pvt Ltd.

The I-T Department says it has to complete the assessment by December 31, within the statutory period of limitation under the Income Tax Act.

The court posted the matter for hearing to November 2. A similar application filed earlier by Bangalore I-T officials, seeking information found by CBI in the raids regarding Jaganmohan's cases, would be heard on the same day.

The I-T officials had first approached the CBI for information and documents, but the latter asked them to seek court's permission.

In August this year, CBI registered a case against Jagan the son of former Andhra Pradesh Chief Minister late Y S Rajasekhara Reddy on the instructions of High Court for cheating, criminal conspiracy, criminal breach of trust and offences under Prevention of Corruption Act.

The CBI, which has been probing investments by various firms into Jagan's businesses, alleges in its FIR that he conspired with his father and others to "cheat the government of Andhra Pradesh in the matter of granting certain favours to many companies".

The CBI has also registered a case in connection with the alleged irregularities in APIIC-Emaar Properties land deal against former Chairman and MD of Andhra Pradesh Industrial Infrastructure Corporation, B P Acharya and Emaar Group on the direction of the High Court.

According to CBI, Acharya, currently Principal Secretary (Home), entered into a criminal conspiracy with Emaar Group officials and unknown public servants to cheat APIIC. One of the allegations is that Emaar sold plots at Gachibowli here at below-the-market prices, without the knowledge of APIIC, causing the Corporation a loss.

PTI


First Published: Monday, October 31, 2011, 18:46


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