Monday 28 May 2012

CBI REVEALS THE TRUTH

HYDERABAD: CBI has arrested YSR Congress chief YS Jagan Mohan Reddy in a disproportionate assets case. The probe agency is expected to produce Reddy before a magistrate on Monday.

Protesting against the arrest of their leader, YSR Congress has called for state bandh on Monday. Fearing violence by Jagan Reddy's supporters, prohibitory orders were enforced by police in all major towns and cities of Andhra Pradesh on Sunday night. Security personnel staged flag marches in several towns and state road transport bus services were curtailed. There were reports also of police asking shops to be closed down in Kadapa.

The move comes a day before Jagan Reddy was scheduled to appear before a CBI court. Reddy is the first accused in the case. CBI has accused 18 persons and corporates in three chargesheets filed so far. A CBI court had earlier posted the hearing of his anticipatory bail plea for Monday. Reddy had sought anticipatory bail till bypolls to 18 assembly constituencies and one Lok Sabha seat were over. The by-elections are scheduled for June 12. With his arrest, Jagan Reddy's plea before the CBI court would be for regular bail.

CBI, probing the case following the directives of the Andhra Pradesh high court last August, has accused Reddy of amassing huge assets through illegal means by allegedly using his father, the late YS Rajasekhara Reddy's office, when he was the chief minister. Jagan Reddy had rebelled against Congress and floated his own political outfit YSR Congress, riding on the legacy of his father.

CBI has also accused many prominent business houses and industrialists from Andhra Pradesh to be part of the business web allegedly woven by Jagan Reddy to profit from his late father's influence. CBI has named 58 companies and 13 individuals in its first information report and has arrested four persons. CBI has accused corporates of investing in Jagan Reddy's businesses for alleged favours they received from the YSR governmentin the form of licences, allotment of projects, mining leases, and huge tracts of land and relaxation of norms.

CBI has also accused the late YS Rajasekhara Reddy, who died in a helicopter accident in September 2009, of misusing public office to benefit his son. "The modus operandi followed by the duo was to dole out public properties, licences, SEZs, mining leases, ports, real estate permissions and other benefits to persons of their choice, violating established norms and procedures of the government," CBI said in its chargesheet.

Reddy, who had appeared before CBI on Friday for the first time in connection with his disproportionate assets case, was quizzed by CBI officials over the last three days for nearly 24 hours. The questioning centred on various favours allegedly doled out to corporates, in general, and Vodarevu and Nizampatnam Port and Industrial Corridor (Vanpic), in particular. Vanpic's Indian promoter Nimmagadda Prasad has invested nearly Rs. 1,000 crore in various businesses of Reddy.

On Sunday, Jagan Reddy was quizzed in the presence of his family auditor V Vijay Sai Reddy, the first person to be arrested in this case and now on bail, industrialist Nimmagadda Prasad and bureaucrat Brahmananda Reddy. Former minister Mopidevi Venkata Ramana, who was arrested and who is now in CBI custody, was admitted into a private hospital due to ill health. Prasad and Brahmananda Reddy, whose CBI custody ended on Sunday, were sent to judicial custody at Chanchalguda Central Prison

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