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CBI serves notices to Jagan’s auditors, investors

Posted by on August 24, 2011 0 Comment

Hyderabad: The Central Bureau of Investigation on Wednesday served notice on Jagati Publications auditor Varadarajan asking him depose in connection with disproportionate assets case of Y S R Congress Party president Jaganmohan Reddy.

Apart from Varadarajan, the CBI also served notices on 12 companies which have made investments in firms floated by Jaganmohan Reddy and asked them to depose before the probing agency.

According to sources, the deposition of Auditor Varadarajan is crucial as he would be aware of investors who invested in firms floated by Jagan and how much benefit they got through shares. The CBI is also examining the key documents which were seized during the raids.

As part of investigation, the CBI is also questioning senior bureaucrat and former managing director of Andhra Pradesh Industrial infrastructure Corporation B P Acharya and other officials in connection with the Emaar Properties case. According to probing agency, Acharya has misused his authority and resorted to irregularities causing huge loss to the state’s exchequer.

Sources say that Acharya was being questioned at a separate place and not at Dilkusha Guest house. Earlier, the CBI submitted seizure records and key documents seized during raids on Jaganmohan reddy to CBI special court at Nampally and sought further directions from the court. (INN)

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