Jagan case: CBI drops 3 names in 2nd chargesheet

                                                                 
HYDERABAD: The Central Bureau of Investigation (CBI) on Monday filed a second chargesheet in the alleged illegal assets case of Kadapa MP Y S Jagan Mohan Reddy. The MP is named accused No 1 (A1) in the case, followed by V Vijay Sai Reddy and M/s Jagathi Publications owned by Jagan Mohan Reddy as A2 and A3, while the names of three persons who figured in the FIR were omitted in the chargesheet.

The CBI also filed a supplementary chargesheet in Emaar land scam naming three more persons as accused.

In the illegal assets case, the CBI had alleged that Jagan Mohan Reddy got several firms invest crores of rupees in his businesses on quid pro quo basis for the concessions they were extended when his father, the late YS Rajasekhara Reddy, was the chief minister.

The CBI held Vijay Sai Reddy as the main conspirator in getting investments into Jagan Mohan Reddy’s companies.

However, the agency dropped the names of Kannan, Ramachandran and Dandamudi from the chargesheet. The three figured in the FIR registered by the CBI.

According to CBI, the trio invested Rs 34 crore in Jagathi Publications owned by Jagan Mohan Reddy, but did not get any favours. With the CBI not finding any role of the trio, their names did not figure in the chargesheet, CBI officials said.

The CBI also alleged that the share value of M/s Jagathi Publications has been inflated to attract investments.

Jagan Mohan Reddy, Vijay Sai Reddy and M/s Jagathi Publications were charged under various sections of IPC.

The CBI filed its first chargesheet in the case on March 31 against Jagan Mohan Reddy and 12 others, including Vijay Sai Reddy, accusing them of criminal conspiracy, cheating and falsification of documents among others.

When it filed the first chargesheet, the agency informed the court that it would be filing a series of chargesheets in the case.

Meanwhile, in the supplementary chargesheet filed in the Emaar land scam case, the CBI named three other accused, including N Sunil Reddy and G V Vijay Raghav, head of finance, Emaar MGF (South India).

Sunil Reddy and Vijay Raghav were arrested on January 24 and January 28 respectively. Sunil Reddy is a close aide of Jaganmohan Reddy.

Earlier, the CBI named suspended IAS officer B P Acharya as accused No 1 in the case.

The first chargesheet named 12 persons, apart from Acharya.

from ibn live