SC allows CBI's plea, cancels bail granted to Jagan's partner

In a setback to one of the alleged business partners of YSR Congress chief Jaganmohan Reddy, the Supreme Court today set aside the order of Andhra Pradesh High Court and the trial court grating him bail in connection with the corruption case.
The apex court allowed CBI's plea seeking cancellation of bail granted to V Vijay Sai Reddy, a founder Director of M/s Jagathi Publications and Financial Advisor for the group of companies of Y S Jaganmohan Reddy, and directed him to surrender before the lower court on or before June 5, 2013.
CBI had approached the apex court against the June last year order passed by Andhra Pradesh High Court dismissing its plea seeking cancellation of bail granted to Reddy who was named as an accused in the FIR lodged on August 17, 2011.

The apex court bench, comprising Justices P Sathasivam and M Y Eqbal, set aside the order passed by the lower court saying the special judge had "committed an error" in grating bail to Reddy while the High Court "erroneously affirmed" the same.