CBI files another chargesheet in YS Jaganmohan Reddy case

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posted on 11 years ago — updated on 1 second ago

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Jaganmohan Reddy, is presently in judicial custody along with his financial advisor V Vijay Sai Reddy, lodged in Chanchalguda Central Prison, since his arrest by the CBI in May 2012.

The CBI which is probing the quid pro quo investment case against YSR Congress chief YS Jaganmohan Reddy filed one more supplementary chargesheet on Monday. It is a supplementary chargesheet to the first chargesheet filed by the CBI in April 2012, having additional evidence (statements of witnesses) to make V Vijay Sai Reddy, an accused in the case and also an auditor of the Kadapa MP, over his role in the transactions, CBI sources said.

Jaganmohan Reddy, his auditor Vijay Sai Reddy and Jagati Publications (owned by the YSR Congress leader) are the accused, charged under relevant sections of the Indian Penal Code in the second chargesheet.

According to the second chargesheet, several investors were lured into making investments in Jagati Publications at high premiums allegedly through "exaggerated and falsified" valuation reports, allegedly at the behest of Vijay Sai Reddy. So far, the CBI has filed five chargesheets since March 31, 2012 and two supplementary chargesheets against Jaganmohan Reddy and other accused, naming three AP ministers in connection with the case relating to alleged quid pro quo investments in the Kadapa MP's companies.

The CBI has alleged that Jagan, along with his father, the former Andhra Pradesh chief minister, the late YS Rajasekhara Reddy and Vijay Sai Reddy, hatched a conspiracy to defraud the government along with other accused.

Meanwhile, the court extended the remand of Jagan, Vijay Sai Reddy, former minister Mopidevi Venkatramana Rao, industrialist Nimmagadda Prasad and other accused till July 1. Former AP minister Dharmana Prasada Rao also appeared before the court.

Jagan, is presently in judicial custody along with his financial advisor V Vijay Sai Reddy, lodged in Chanchalguda Central Prison, since his arrest by the CBI in May last year. In a related development, former AP minister Mopidevi was taken to a hospital today by Chanchalguda jail authorities after he complained of some health problem.

The court also extended the judicial remand of former Karnataka minister Gali Janardhan Reddy and other accused in the OMC illegal mining case to July 1 through a video link.