The Special Court for CBI on Monday adjourned the hearing to April 4 on bail petition of Jagathi Publications vice-chairman V Vijay Sai Reddy, the accused in the YS Jagan Mohan Reddy’s disproportionate assets case.
In the bail petition, Vijay Sai Reddy’s counsel observed that his client was innocent and was in no way connected to the case. He said that the CBI has leveled false charges against his client based on the false claims of former minister Dr P Shankar Rao.
The counsel argued that Section 409 (criminal breach of trust) does not apply to his client as he was not a public servant and he cannot be kept in judicial custody for more than 60 days. He also argued that there was no way his client could interfere with the investigations as being alleged by CBI.
In August 2011, the CBI, in its FIR against Jagan Mohan Reddy and 73 others including Vijay Sai Reddy, had alleged that various investors, who are beneficiaries of public properties, licenses among others invested in the companies promoted by Jagan at very high premiums as a quid-pro-quo to the favours doled out by former Chief Minister YSR under his son’s influence.
After hearing the arguments of Vijay Sai Reddy counsel, the special court posted the petition for next hearing on April 4.
–Agencies