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No decision on Jagan’s arrest: CBI

Posted by on August 20, 2011 0 Comment

Hyderabad: The Central Bureau of Investigation has not yet decided on arresting the Kadapa MP Jagan Mohan Reddy in the illegal assets case.

Talking to reporters here on Saturday, CBI Joint Director V.V.Laxminarayana said that the investigation agency was still in the process of studying and classifying the documents that it seized from different premises across the country. He said the future course of investigation would depend on what the CBI has got during the seizure process.

Replying to a query whether the CBI was looking at investments made by different parties in the companies owned by Jagan Mohan Reddy after 2004, i.e., the period when YS Rajasekhara Reddy was the chief minister, Laxminarayana said the CBI was not looking at the period or time of investments. The CBI is looking at investments made in each project and who, how and why made those investments. The searches may continue for a few more days.

Laxminarayana said he had no knowledge of Enforcement Directorate’s plan to register a case of money laundering against Jagan Mohan Reddy or others.

So far, the CBI has raided over 50 properties belonging to Jagan and his investors. The CBI has also frozen 25 banks accounts in HDFC and ICICI banks belonging to some companies run by Jaganmohan Reddy and his associates. (INN)

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