Hyderabad, January 03: The CBI, probing corruption allegations against Kadapa MP YS Jagan Mohan Reddy, today alleged that his financial advisor V Vijay Sai Reddy was the kingpin behind the conspiracy in accommodating the ill-gotten money by floating fictitious firms.
The CBI which arrested Vijay Sai last night, the second accused in the alleged disproportionate assets of Jagan Mohan Reddy case, in its remand report claimed that vital information pertaining to the case was within the exclusive knowledge of Vijay Sai.
Seeking his 14-day police custody, the central agency filed a petition stating that Vijay Sai, Vice chairman of Jagati Publications Pvt Ltd (JPPL), facilitated the transfer of bribe money through various companies of JPPL.
“He (Vijay Sai) is kingpin behind the entire conspiracy in accommodating the ill-gotten money by floating fictitious and non-existing firms. He is also aware of the names of persons/individuals who were shown as Director of the non-existing firms/ companies,” the CBI alleged.
The CBI in its FIR against Jaganmohan Reddy and 73 others including Vijay Sai alleged that various investors who are beneficiaries of public properties, licences among others invested in the companies promoted by Jagan at very high premiums as a quid-pro-quo to the favours doled out by the former Andhra Pradesh Chief Minister late YS Rajasekhar Reddy on his son’s (Jagan’s) influence.
–Agencies