Decision on CBI plea against Vijay bail today
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Justice K.C. Bhanu of the AP High Court will take a decision on Friday about the CBI’s petition to cancel the bail granted to Vijay Sai Reddy. He is an accused in Y.S. Jagan Mohan Reddy’s disproportionate assets case. The CBI court granted bail to the auditor on April 13. Opposing the bail, the CBI counsel P. Kesava Rao said the auditor had played a key role in the infusion of about Rs 1,246 crores into Jagathi Publications, Bharati and Raghuram Cements owned by Jagan, from various countries.
He contended that the accused could create hurdles in the ongoing investigation by tampering with evidence and threatening witnesses if his bail was not cancelled. Counsel showed a chart to the judge explaining how funds reached Jagathi publications and said that most of the companies floated by the accused were shell companies. When the judge asked what was the basis of preparing the chart, the counsel replied that it was based on statements of the witnesses.
Mr Kesava Rao said that Vijay Sai Reddy was instrumental in forcing Deloitte to give a fabricated evaluation report antedate, and based on it other companies had invested into Jagathi publications at a higher premium. In turn, the companies like Hetero, Aurobindo Pharma and others benefited by getting lands in SEZs at a throwaway price under quid pro quo basis when Jagan Mohan Reddy’s father was the Chief Minister. Counsel maintained that the CBI did not show any discrimination in the arrest of the accused in the case and investigation was still on with regard to the role of the other accused in the case.
Mr Sushil Kumar, senior counsel arguing for Vijay Sai Reddy told the court his client was just a chartered accountant and was not related to the quid pro quo favours as alleged against Jagan. He said that his client was arrested January 3 and spent 104 days in jail and also cooperated with the investigation on 30 occasions prior to his arrest and was interrogated at length for over 300 hours.
Referring to provisions of the CrPC, the senior counsel said an accused has entitled to bail either after filing of a charge sheet or spending more than 90 days in judicial custody. He contended that his client was in judicial custody and the CBI filed the chargesheets in the case by admitting that the investigation against his client had been completed. He argued that the CBI cannot seek cancellation of bail on the ground of non completion of probe.
HC asks if APMDC can supply sand
The AP High Court wondered if the AP Mineral Development Corporation could supply sand without a middleman for the works related to modernising Godavari Delta. A Division Bench comprising Chief Justice Madan B. Lokur and Justice P.V. Sanjay Kumar asked this question to the advocate-general Sudarshan Reddy and told him to reply the court by Friday. RSV Constructions Pvt Ltd, G. Dorayya and Company approached the High Court stating that they could not execute the works without sand.
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