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HC receives CBI report on Jagan’s assets, Adjourns case to monday

Posted by on July 27, 2011 0 Comment

Hyderabad: The High Court on Wednesday asked the counsels of YSR Congress Party chief Y S Jagan Mohan Reddy to explain why orders should not be issued for a thorough CBI investigation into the assets possessed by the Kadapa MP.

As soon as arguments in the case began in the morning, the Judges, who took the preliminary inquiry into Mr Jagan’s assets into account, asked his counsels to explain why the court should not order full scale inquiry into the allegations against the respondent.

The Inspector General of Police, CBI, Mr Lakshminarayana, was present in the Court. When Mr Jagan’s counsels pleaded with the court to make available a copy of the CBI preliminary inquiry report, the Judges said they have not opened the cover yet and perused the contents. The Judges also said they would not open the sealed cover now and supply a copy to the respondent. After brief arguments, the court adjourned the case to Monday.

It may be mentioned here that the High Court had taken cognizance of the letters written by the Handlooms & Textiles Minister, Dr P. Shankar Rao, and Telugu Desam leaders, Mr Rajasekhara Reddy and Mr Yerrannaidu, who alleged that Mr Jagan Mohan Reddy had amassed huge wealth through corrupt practices when his father late Dr Y S Rajasekhara Reddy was chief minister. The court directed the CBI to inquire into Mr Jagan’s assets and submit a report within 14 days.

In compliance of the High Court direction, the CBI sleuths, led by the IG, Mr Lakshminarayana, interrogated representatives of 23 companies on their huge investments in Mr Jagan’s companies for 14 days and submitted a report in a sealed cover to the court. If the preliminary inquiry report reveals prima facie case into the allegations, the High Court may order a thorough investigation into the huge assets possessed by the YSR Congress Party chief. The Judges also permitted the CBI officers to continue further investigation into the case.

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