CBI files another chargesheet in Y S Jaganmohan Reddy case

Image
Press Trust of India Hyderabad
Last Updated : Jun 17 2013 | 11:05 PM IST
the CBI which is probing the quid pro quo investment case against YSR Congress chief Y S Jaganmohan Reddy filed one more supplementary chargesheet today.
It is a supplementary chargesheet to the first chargesheet filed by the CBI in April 2012, having additional evidence (statements of witnesses) to make V Vijay Sai Reddy, an accused in the case and also an auditor of the Kadapa MP, over his role in the transactions, CBI sources said.
Jaganmohan Reddy, his auditor Vijay Sai Reddy and Jagati Publications (owned by the YSR Congress leader) are the accused, charged under relevant sections of the Indian Penal Code in the second chargesheet.
According to the second chargesheet, several investors were lured into making investments in Jagati Publications at high premiums allegedly through "exaggerated and falsified" valuation reports, allegedly at the behest of Vijay Sai Reddy.
So far, the CBI has filed five chargesheets since March 31, 2012 and two supplementary chargesheets against Jaganmohan Reddy and other accused, naming three AP ministers in connection with the case relating to alleged quid pro quo investments in the Kadapa MP's companies.
The CBI has alleged that Jagan, along with his father, the former Andhra Pradesh chief minister, the late Y S Rajasekhara Reddy and Vijay Sai Reddy, hatched a conspiracy to defraud the government along with other accused.
Meanwhile, the court extended the remand of Jagan, Vijay Sai Reddy, former minister Mopidevi Venkatramana Rao, industrialist Nimmagadda Prasad and other accused till July 1.
Former AP minister Dharmana Prasada Rao also appeared before the court.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jun 17 2013 | 11:05 PM IST

Next Story