Friday, April 29, 2011

MLCs seek CBI probe on Jagan

By S A Ishaqui
Hyderabad,April 28: The Congress MLCs, Mr K.R. Amos and Mr K. Yadav Reddy on Thursday approached the AP High Court seeking a direction to conduct a CBI probe against the former MP, Mr Y.S. Jagan Mohan Reddy, and his associates and associate companies.

The MLCs urged the court to investigate the colossal corruption coupled with abuse of power during the rule of the late chief minister Dr Y.S. Rajasekhar Reddy by his own son, Mr Jagan Mohan Reddy and others who allegedly amassed assets worth thousands of crores of rupees and expanded their business by not just defrauding the government, but also diluting the institution as a whole by flouting laws.

They also sought a probe against the Rajya Sabha MP, Mr K.V.P. Ramachandra Rao, and his relatives Raghuraj, Krishna Mohan and Mr N. Sunil Reddy, a close relative of Mr Jagan. The petitioners told the court that Mr Srinivasulu Naidu, founder of the Indira television, Mr Sajjala Diwakar Reddy, MD of the R.R. Global and his younger brother, Mr S. Ramakrishna Reddy and one Mr Muralidhar Reddy of Chennai were instrumental in causing a huge loss to the exchequer.

They prayed the court to conduct an investigation so that their role in the fraud could be established. They said that a small and defunct power company owned by YSR family attracted foreign investments, contrary to the laws applicable at that time, after he assumed charge as the Chief Minister of the state from tax heaven countries at a premium to promote four companies with this money. They told the court that the details of the modus operandi adopted by Mr Jagan are explained in the writ affidavit.

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