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Court extends judicial remand of Jaganmohan Reddy till May 13

Hyderabad, Apr 30 (): A special CBI court on Monday extended the judicial remand of YSR Congress president Y S Jaganmohan Reddy and others who were arrested in connection with alleged quid-pro-quo deals in the assets case till May 13.

By dismissing the appeal filed by jailed YSR Congress chief Y S Jaganmohan Reddy and his auditor Vijay Sai Reddy, the special CBI court said that it has considered the recent charge-sheet filed by CBI as the final one.

The petitioner in his petition appealed to the court saying that while his bail plea was opposed before the Supreme Court last year, the agency had said that it was going to file final charge-sheet by March on seven issues besides investments in Jagan’s firms by Dalmia Cements.

The agency claimed saying that as investigation was yet to be done, it had opposed the bail of the Kadappa MP and his aide. But, the recent applications by Jagan and Vijay Sai Reddy alleged that the charge-sheet filed by the agency on April 8, 2013 had been only about investments made by Dalmia Cements, Raghuram Cements, Eeswar Cements and not on any other issues.

The CBI however did not allege that the latest charge-sheet be regarded as  the final one. As far as the CBI is concerned, it said that such investments were ‘quid pro quo’ for favours from the government, at the time when Y S Rajasekhara Reddy was the Chief Minister of Andhra Pradesh.

The CBI claimed saying that at the time when YSR Reddy who died in a helicopter crash was the chief minister of Andhra Pradesh, he forced companies to invest in his son’s vast business empire.

In return, the companies were given the necessary licenses and clearances for their companies. Jaganmohan  Reddy was taken into custody in Hyderabad for alleged corruption and has been in jail for nearly a year.

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