The CBI Special Court on Wednesday posted the hearing to April 9 on the bail petition of Jagathi Publications vice-chairman V Vijay Sai Reddy, the accused in the YS Jagan Mohan Reddy’s disproportionate assets case.
The special court took this decision as the CBI failed to file a counter petition in this regard in the court. The court directed the CBI to file counter petition in this case immediately.
Earlier, Vijay Sai Reddy’s 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 and influence the witnesses if released on bail.
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. (INN)