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Decision on further probe into Jagan’s assets on Aug 1: HC

Posted by on July 27, 2011 0 Comment

Hyderabad: A Division Bench of the Andhra Pradesh High Court on Wednesday put off taking a decision on whether to order a thorough probe into the assets of YSR Congress Party president YS Jaganmohan Reddy’s assets till August 1, even as it ordered the Central Bureau of Investigations to give copies of its preliminary probe to the concerned parties.

The Division Bench of the High Court, comprising of Chief Justice Nisar Ahmed Kakru and Justice Vilas V Afzalpurkar on Wednesday adjourned further hearing in the case till Monday, saying that it was yet to examine the preliminary report of the Central Bureau of Investigations submitted on Tuesday.

“The Court is yet to study the report,” the Division Bench stated.

The Court also directed the officials and CBI Joint Director VV Lakshminarayana to open the sealed cover and hand over copies of its report to the concerned parties.

The court also rejected the plea of Mr YS Jaganmohan Reddy’s counsel to conduct in-camera hearing of the case on the lines of Delhi High Court conducting trials in the Jain Hawala case.

Meanwhile, Mr Lakshminarayana condemned reports which appeared in a section of media that the CBI’s preliminary report has been leaked.

Mr Lakshminarayana said that he had submitted his report in a sealed cover to the court within 12 days and described the reports which appeared in newspapers as baseless and far from truth.

The CBI had submitted a report of its preliminary probe, into the assets of Mr Jaganmohan Reddy to the High Court in a sealed cover on Tuesday. However some newspapers had hinted that the report was ‘damning’ against the Kadapa MP.

The CBI had looked into the businesses of 24 companies which have invested in Mr Jaganmohan Reddy’s businesses and focussed on revenue, industries, IT and mining departments in its investigations.

The High Court had ordered the CBI to conduct a preliminary probe into the YSR Congress Party chief’s assets, saying that “Prima facie, an inquiry is necessary to clear the doubts.”

The High Court had taken up the case after Cantonment MLA P Shankar Rao, now made a Minister, had written two letters, one on the illegal allotment of lands by the Andhra Pradesh Industrial Infrastructure Development Corporation and the other one about the Kadapa MP’s wealth.

Mr Jaganmohan Reddy had tried to obtain a stay on the probe through the Supreme Court, but the Apex Court had rejected his plea. (INN)

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