CBI freezes Sakshi a/c

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The CBI on Tuesday froze the accounts of Jagati Publications Ltd, publisher of Sakshi newspaper, Indira Television Ltd that owns Sakshi TV and Janani Infrastructure — firms belonging to Kadapa MP Y.S. Jagan Mohan Reddy. The CBI superintendent of police H. Venkatesh has written letters to the State Bank of India and Oriental Bank of Commerce ordering the freezing of accounts of the firms.

In the notice sent to SBI’s Banjara Hills branch, the CBI has said that during the course of its investigation it has come to light that Jagati Publications, Janani Infrastructure and Indira Television represented by their director Y.S. Jagan Mohan Reddy and others have parked “ill-gotten money received from criminal activities in the account”.

Mr Venkatesh said, “Under the guise of funds for conducting business, the ill-gotten money from various sources is deposited in the bank accounts.” The CBI has asked the banks to intimate the action they have taken and details of the amounts frozen.

Jagati got Rs 1,246 cr from firms
Y.S. Jagan Mohan Reddy owned, Jagati Publication’s current account (30318135971, 30252659825) and Indira Television’s account (30769357760) have been frozen. The notice was issued under Section 102 of the CrPC which empowers police officers to seize any property that creates suspicion of the commission of any offence. The same has to be informed to the magistrate having jurisdiction. The CBI has so far filed three chargesheets in the assets case of Jagan Mohan Reddy in which Jagati Publications represented by Jagan is one of the accused. It is alleged that Jagati Publications got around Rs 1,246 crore from companies which were benefited in various ways by the YSR government.

A case was also booked against Indira TV but a chargesheet is yet to be filed. In the chargesheets already filed, the CBI has explained the flow of funds from ERES and TWC of the Ramky group into Jagati Publications. The CBI has alleged that Rs 9.99 crore has been invested in Jagati by ERES and TWC as a return for favours granted to it by the then government.