CBI’s counsel has informed the special court here on Monday that the former Chief Minister late Dr. Y S Rajasekhara Reddy has fully cooperated with his son Y S Jagan Mohan Reddy in his illegitimate deals.
Presenting CBI’s case after producing Jagan, whom it has arrested on Sunday evening, the agency’s counsel has said that Jagan’s replies to their interrogation were not satisfactory and explained that this was the reason why he was arrested. CBI has charged that Jagan’s companies had received money on a large scale through hawala transactions. Stating that Rs.140 crore has come into Jagan’s companies through this method, CBI counsel has said that there was no reply from Jagan on this.
Stating that CBI has interrogated 74 accused in the assets case, the agency has informed the court that every one of them had said that the ultimate beneficiary was Jagan. The counsel has also alleged that through the Vanpic deal, the state had lost Rs. 300 crore. Stating that there was need for getting more information from Jagan, CBI has sought custody of the Kadapa MP for 14 days for further interrogation. The agency said that in its investigation so far, they had found that Jagan was benefited by about Rs. 1200 crore through illegitimate deals.
Charging Jagan of building an empire of thousands of crores of rupees in just four years, CBI has said that he got Rs. 140 crore to his Sandoor Power, from Asian Infra of Luxemburg. CBI has charged that there was the possibility of Jagan tampering with evidence if he was let out. (NSS)