Jagan assets: Co-accused moves court against CBI

Last Updated: Saturday, December 3, 2011 - 00:25

Hyderabad: Alleging that CBI was "forcing
and threatening" witnesses in the case pertaining to alleged
disproportionate assets of Kadapa MP YS Jaganmohan Reddy, an
accused on Friday moved a court here, seeking direction to the
central agency to probe the matter only between 2004 and 2009.

V Vijay Sai Reddy, vice-chairman of Jagati
Publications and second accused in the case, requested the
court that it directs the CBI to refrain from investigating
into the group companies of Jagan, with regard to the
transaction and affairs of the companies (and persons) that
took place prior to May 2004.

Reddy`s counsel Umamaheshwar Rao contended that the
CBI was "exceeding and crossing the boundary" by seeking
statements from witnesses related to the period of 1999-2001,
while investigating into the investments by various firms in
businesses of Jaganmohan Reddy between 2004 and 2009.

Following an Andhra Pradesh High Court order, an FIR
was registered by CBI to probe investments into group of
companies of Jaganmohan Reddy. According to the FIR, favours
were shown by the AP Government to such investors between May
2004 and September 2009.

Rao alleged that the line of investigation adopted and
pursued by the CBI is far beyond the scope of enquiry
permitted by the High Court. "The CBI questioned my client
over the affairs of the group companies prior to May 2004 and
now is pressurising and threatening other witnesses to give
statements against the petitioner with regard to transactions
of the group of companies of Jagan," Rao further submitted.

On August 17, the CBI had registered a case against
Jagan, the son of former Chief Minister late YS Rajasekhara
Reddy, on the instructions of AP High Court for offences such
as cheating, criminal conspiracy, criminal breach of trust
under the IPC, as well as under the Prevention of Corruption
Act.

In the FIR, CBI has accused the YSR Congress chief of
"conspiring" with his father and other individuals and
companies to "cheat the government of Andhra Pradesh in the
matter of granting certain favours to many companies".

PTI



First Published: Saturday, December 3, 2011 - 00:25

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