CBI fixes Jagan, Jagathi, Vijay Sai

Apr 24, 2012 - U Sudhakar Reddy |

Hyderabad

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The Central Bureau of Investigation on Monday filed a second chargesheet in the assets’ case against YSR Congress leader Y.S. Jagan Mohan Reddy. The first chargesheet against Mr Jagan Mohan Reddy was filed on March 31. In the second one, Mr Jagan Mohan Reddy, his auditor, Mr V. Vijay Sai Reddy and Jagati Publications Pvt Ltd (JPPL), owned by the YSR Congress leader, were charged under relevant sections of the IPC.

The second chargesheet revolved around the investments made in Jagathi Publications by industrialists A.K. Dandamudi, Madhav Ramachandran and others. It alleged that Mr Jagan Mohan Reddy and Mr Vijay Sai Reddy gave an exaggerated and falsified valuation report to get investments amounting to Rs 35 crore.

While submitting the chargesheet to the principal special judge for CBI cases A. Pullaiah and the CBI SP H. Venkatesh maintained that it is an additional chargesheet in the assets’ case of Mr Jagan Mohan Reddy involving several individual conspiracies. The investment of Rs 35 crore by the two industrialists is part of the Rs 1,246-crore investment that came in though various means.

The CBI had earlier recorded the statements of Mr Dandamudi and Mr Ramachandran under Section 164 of the CrPC in a statement made before a magistrate. Mr Dandamudi had invested Rs 10 crore and Mr Ramachandran had invested Rs 19.6 crore in Mr Jagan Mohan Reddy’s company Jagathi Publications. They are now witnesses in the case, the CBI said.

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