Hyderabad: Two days after the Andhra Pradesh High Court cancelled his bail in connection with the illegal assets case, Vijay Sai Reddy, an auditor and close aide of YSR Congress party chief YS Jaganmohan Reddy, on Monday surrendered before the CBI court.
According to reports, Vijay Sai’s bail surrendered before the special CBI court in Hyderabad early this morning.
Vijay Sai’s bail was cancelled by Justice KC Bhanu last week after the central probe agency challenged it by contending that the conditional bail granted to him by the special CBI court could hamper its investigations in the illegal assets case.
After spending over three months in the Chanchalguda Central Jail, Vijay Sai Reddy was released on April 13 on a conditional bail granted by the special CBI court.
Vijay Sai was arrested by the CBI on Jan 2, and listed the number two accused in the charge sheet filed by the investigating agency last month.
Sai is the vice-president of Jagati Publications Private Limited (JPPL) owned by Jaganmohan Reddy.
The CBI had booked Jaganmohan Reddy, who is popularly known as Jagan, and 73 companies and individuals in August last year on directions of the Andhra Pradesh High Court.
According to the investigating agency, Jaganmohan Reddy conspired with his father and then chief minister YS Rajasekhara Reddy to dole out several favours to certain companies in return for the investments they made into his businesses.
Vijay Sai Reddy is the only person arrested in this case so far.
With Agency Input