This Article is From Apr 24, 2012

CBI files second charge sheet in Jagan assets case

CBI files second charge sheet in Jagan assets case
Hyderabad: The Central Bureau of Investigation (CBI) on Monday filed the second set of formal charges in a local court in a case involving the alleged illegal assets of YSR Congress party leader YS Jaganmohan Reddy.

The 47-page supplementary chargesheet filed in the CBI special court has named Jaganmohan Reddy, his close aide Vijay Sai Reddy and Jagati Publications Private Limited (JPPL) owned by the Kadapa.

The investigating agency submitted to the court, 28 documents and statements of 30 witnesses.

The first charge sheet filed on March 31 had named Jaganmohan Reddy, Vijay Sai Reddy and 10 other individuals and organisations.

Meanwhile, Vijay Sai Reddy, whose bail was cancelled by the Andhra Pradesh High Court on April 20, surrendered before the CBI special court.

The CBI court sent Vijay Sai Reddy to judicial custody till May 7. He was subsequently shifted to Chanchalguda Central Jail.

The investigating agency also filed a petition, seeking his custody for questioning.

After spending over three months in jail, Vijay Sai Reddy was released on April 13 after a conditional bail granted by the special court.

The CBI challenged the verdict in the high court on the ground that the investigations into the case were still on.

Vijay Sai Reddy was arrested by the CBI on January 2. The Vice-President of JPPL is also an auditor for many other companies of Jagan.

The CBI had booked Jagan along with 73 companies and individuals in August last year on the directions of the High Court.

According to the investigating agency, Jagan conspired with his father and then Chief Minister late YS Rajasekhara Reddy to dole out several favours to certain companies in return for the investments they made in his businesses.

Vijay Sai Reddy is the only person arrested in the case so far.
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