The Andhra Pradesh High Court on Wednesday ordered the Central Bureau of Investigation to register a case against the YSR Congress chief and Kadapa MP, Mr Y.S. Jagan Mohan Reddy, and his associate companies including his investors
By S A Ishaqui
Hyderabad, Aug 10 : The Andhra Pradesh High Court on Wednesday ordered the Central Bureau of Investigation to register a case against the YSR Congress chief and Kadapa MP, Mr Y.S. Jagan Mohan Reddy, and his associate companies including his investors.
The High Court directed the CBI to register the case under the provisions of the IPC, Prevention of Corru-ption Act, and Prevention of Money Laundering Act, apart from criminal conspiracy.
While disposing two petitions by the textile minister, Dr P. Shankar Rao, and the Telugu Desam’s Mr Yerrannaidu, and others, a Division Bench comprising Chief Justice Nisar Ahmad Kakru and Justice Vilas V. Afzulpurkar pointed out that the investments made in Mr Jagan’s companies were nothing but a form of corruption that attracted Section 3 of the Prevention of Money Laundering Act.
Referring to the allegations of Dr Shankar Rao and the TD leaders, the Bench pointed out that prima facie it had emerged from records that from May 2004, Mr Jagan Mohan Reddy had floated a number of firms, which got investment from several companies which in turn benefited from the government in various forms like SEZs, irrigation contracts, relaxation and permission for real estate ventures.
The bench observed that he was connected with companies which were showing phenomenal growth and these facts made it necessary to ascertain the role of individuals, firms and public servants
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