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Jagan case: CBI likely to submit report on July 26

The CBI, probing into alleged disproportionate assets of YSR Cong chief Jagan Reddy, is likely to submit its preliminary probe report on July 26.



Hyderabad: The CBI, probing into alleged
disproportionate assets of YSR Congress chief and Kadapa MP YS Jaganmohan Reddy, is likely to submit its preliminary probe
report to Andhra Pradesh High Court on July 26, a senior
official said on Sunday.

The court on July 12 directed the central agency to
submit within two weeks a preliminary report into allegations
that Jagan misused the office of his father, late YS
Rajasekhara Reddy, to get investments for his business empire
from various beneficiary companies.

"Following the high court directive, a preliminary
investigation is going on and 24 investment companies, which
invested in Jaganmohan`s businesses, were issued notices and
almost all of them have responded to it. Now the preliminary
probe report will be submitted before the court on July 26,"
a senior CBI officer said.

As part of the probe, the CBI on July 16 had issued
notices to 20 investment companies and subsequently to four
more companies which are believed to have invested in the
entities owned by Jagan.

Responding to the notices, 23 companies (that have
invested in Jagan`s firms) had expressed their views and
submitted documents, apart from responding to questions
pertaining to their financial details, sources said.

Among the representatives of the firms who appeared
before CBI Joint Director (Hyderabad Zone) VV Lakshmi
Narayana, included senior officials of Jagati Publications,
owned by Jagan himself.

Dealing with three writ petitions, including a
letter-cum-petition filed by Congress MLA and state Textiles
Minister P Shankar Rao and separate petitions filed by Telugu
Desam Party leaders, a division bench comprising Chief Justice
Nissar Ahmed Kakru and Justice Vilas Afzulpurkar, had directed
the CBI to submit a preliminary report on whether or not any
case was made out.

The complaints allege that Jagan acquired assets worth
hundreds of crores of rupees from various companies and
individuals as a quid-pro-quo for the land allotted and
licences granted to them at cheaper prices for various
activities when his father YS Rajasekhara Reddy was chief
minister between 2004 and 2009.

They had further alleged many companies received undue
benefit through questionable methods from the state
government.

PTI

From Zee News

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