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YSR Congress leader YS Jagan Mohan Reddy questioned by CBI for 8 hours

HYDERABAD: The Central Bureau of Investigationsquestioned YSR Congress leader YS Jagan Mohan Reddy for nearly eight hours on Friday. The CBI team asked him about his role when the state government, led by his father YSR Reddy, allegedly favoured Vodarevu and Nizampatnam Port and Industrial Corridor (Vanpic). Vanpic promoter Nimmagadda Prasad has invested nearly Rs. 1,000 crore in Jagan’s businesses.

Jagan Reddy was questioned extensively in the presence of Nimmagadda Prasad, former ministerMopidevi Venkata Ramana and bureaucrat Brahmananda Reddy, the trio arrested by CBI. The probe agency has asked him to appear before it again on Saturday morning. This is the first time Jagan Reddy has appeared before CBI in connection with its probe into his alleged disproportionate assets, which CBI alleges was amassed through illegal means, misusing his father’s office when he was chief minister.

CBI accuses many prominent business houses and industrialists from Andhra to be a part of Jagan Reddy’s network and of benefitting from his father, the late chief minister YS Rajasekhara Reddy’s influence. The agency, which has named 58 companies and 13 individuals in its first information report, has so far arrested four persons including the auditor of YSR family businesses V Vijay Sai Reddy. Last November, Jagan Reddy appeared before CBI in connection with alleged irregularities involving mining operations of former Karnataka minister and iron ore baron Gali Janardhan Reddy.

Following the directives of the Andhra Pradesh high court last August, CBI began probe into alleged disproportionate assets of Jagan Reddy, which CBI claims were obtained as investments from businesses which were beneficiaries of quid pro quo deal.

CBI has also accused YS Rajasekhara Reddy, who died in a helicopter accident in September 2009, of abusing public office to benefit his son. Jagan revolted against the ruling Congress to float the YSR Congress, seeking to cash in on his father’s legacy.

“The modus operandi followed by the duo was to dole out public properties, licenses, allotting/granting various projects, SEZs, mining leases, ports, real estate permissions and other benefits to persons of their choices, violating established norms and procedures in the government with a clear understanding of quid pro quo,” CBI alleges in its charge sheet.

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Posted by on May 26 2012. Filed under Indian News. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.

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