Friday, January 6, 2012

Jagan Mohan Reddy seeks High Court reprieve as CBI digs into assets

Jagan Mohan Reddy seeks High Court reprieve as CBI digs into assets

YSR Congress party president Y.S. Jagan Mohan Reddy moved the Andhra Pradesh high court on Thursday with the CBI digging deep into his business transactions before his father late Y.S. Rajasekhara Reddy came into power in 2004.

The high court admitted the petition filed by V. Vijay Sai Reddy, Jagan's close aide and vice-chairman of the media house Jagathi Publications, seeking a direction to the CBI to restrain from investigating into the transactions made before May 2004.

Sai Reddy's counsel Sushil Kumar brought to the notice of the High Court that the earlier division bench, acting on a petition filed by state minister P. Shankar Rao, had directed the CBI to confine its scope of investigation to the period from May 2004 to September 2009 and not prior to the same.

Justice Raja Ilango, who took up the petition, observed that it was not possible to restrict the CBI investigation to a particular period or fix its jurisdiction. He, however, issued notices to the CBI to file a counter to Sai Reddy's petition and posted the case to January 19.

The CBI counsel contented that the roots of the scam reaches out to 2004 and hence, it needed to investigate into the past dealings of Jagan's group companies as well.