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Jagan`s assets: More companies depose before CBI

Responding to the CBI notices, representatives of some more companies, which had invested in the various firms owned by YSR Congress chief and Kadapa MP YS Jaganmohan Reddy, deposed before the central investigating agency.



Hyderabad: Responding to the CBI notices,
representatives of some more companies, which had invested in
the various firms owned by YSR Congress chief and Kadapa MP YS Jaganmohan Reddy, today deposed before the central
investigating agency here.

Following the directive from Andhra Pradesh High
Court, the CBI on Saturday last issued notices to as many as
20 companies which are believed to have invested in the
entities owned by Jagan.

The high court had also asked the CBI to submit within
two weeks a preliminary report into allegations that
Jaganmohan Reddy misused the office of his father, late YS
Rajasekhara Reddy, to get investments from various companies
to set up his business empire.

The representatives who appeared before the CBI Joint
Director (Hyderabad Zone) VV Lakshmi Narayana, included a
senior official of Jagati Publications, which is owned by the
Kadapa MP himself.

Representatives of seven companies had yesterday
appeared before the CBI which had issued notices to four more
firms seeking details about their share of investments in the
companies owned by the YSR Congress chief.

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 whether or not any case
was made out.

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

PTI

From Zee News

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