More firms with Jagan link appear before CBI

Representatives of some more companies, believed to have invested in the businesses firms of YSR Congress chief and Kadapa MP Y S Jaganmohan Reddy, on Wednesday appeared before CBI here, sources said.

Hyderabad: Representatives of some more
companies, believed to have invested in the businesses firms
of YSR Congress chief and Kadapa MP Y S Jaganmohan Reddy,
on Wednesday appeared before CBI here, sources said.

According to them, two more companies have today filed
their response to the CBI notices served on them after
presenting their views and documents before the investigating
officials here.

It is learnt that eleven companies have till date
appeared before the CBI Joint Director (Hyderabad Zone) V V
Lakshmi Narayana since the notices were served on them on July
16.

Andhra Pradesh High Court had recently directed the
apex investigating agency to submit within two weeks a
preliminary report into the allegations of Jagan having
misused the office of his father, late Y S Rajasekhara Reddy,
to get investments for his business empire from various
beneficiary companies.

Following the directive, the CBI had issued notices to
as many as 20 firms, believed to have invested in the entities
owned by Jagan.

It was still unclear if some more firms, including
those owned by Jagan himself, were served notices today.
Some TDP members and those from ruling Congress had
filed complaints against Jagan accusing him of misusing office
of his father Y S Rajasekhara Reddy during the latter`s tenure
between 2004 and 2009.

It is alleged the Kadapa MP 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.

PTI

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