Wednesday, July 27, 2011

CBI submits ‘damning’ report on Jagan assets

By S A Ishaqui
Hyderabad,July 26: The Central Bureau of Investigation on Tuesday submitted its preliminary inquiry reports into the alleged amassing of wealth by the YSR Congress president, Mr Y.S. Jagan Mohan Reddy, and controversial land deals of the AP Industrial Corporation, in sealed covers to the AP High Court.
CBI sources said that there was prima facie evidence of irregularities in land allotments made to many companies, which had in turn invested huge amounts of money in Mr Jagan Mohan Reddy’s company during YSR’s regime. The CBI said that these had been brought to the notice of the High Court through the preliminary inquiry report and it was now up to the court to pass appropriate orders for further investigation.

The Joint director of the CBI, Mr V. Lakshmi-narayana, submitted four sealed covers to the registry at the High Court on Tuesday. The High Court has listed the petitions for hearing on Wednesday. The High Court, on July 11 and 12, had passed orders directing the CBI to initiate a probe against Emaar Properties and the YSR Congress chief and had asked them to complete it within two weeks.

HC to decide on giving CBI probe report

The Central Bureau of Investigation has sought directions from the High Court regarding the Supreme Court’s permission to furnish copies of the reports to the Kadapa MP, Mr Y.S. Jagan Mohan Reddy, on Tuesday. The Kadapa MP and three other companies had challenged the High Court’s order before the apex court.

While dismissing their petition, a Bench of the apex court had observed that the respondents might seek the copies of the report. Sources said that the High Court thus issued necessary instructions to the CBI for furnishing copies of the reports to Mr Jagan Mohan Reddy and his associates. The High Court had asked the CBI to probe into Emaar and Mr Jagan Mohan Reddy’s assets following two letters from the textile minister, Dr P. Shankar Rao, and the TD leader, Mr Yerrannaidu, and others.

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