Turning the screws again on Kadapa MP Y.S. Jaganmohan Reddy, the Central Bureau of Investigation (CBI) has sought permission of the Andhra Pradesh government for attaching his properties.
In a communication to the government some time ago, the investigating agency wanted to attach properties of Jagati Publications, which runs Sakshi daily, Indira Television under whose name the television channel operates, and Janani Infra. The CBI has already frozen bank accounts of the three companies, all promoted by Mr. Jaganmohan Reddy.
The assets of Jagati Publications, mainly plant and machinery, were estimated by the CBI with having a value of Rs.243.64 crore while the paid up capital of the company was Rs.1,172 crore.
As the attachment of properties has several implications, Chief Minister N. Kiran Kumar Reddy reportedly referred the CBI's letter to the Advocate-General for his opinion. Ajoyendra Pyal, Principal Secretary, Home, said the government was processing the CBI letter with utmost caution before taking a decision. It is understood that the legal opinion was in favour of attachment of the properties and the ball lies now in the Chief Minister's court.
Once the State government gives its consent, an Administrator will be appointed to receive and manage the properties. CBI sources said the process of identifying properties of the three companies, sifting those which have been acquired with tainted money and taking them over will require about six months. On completion of this process, the CBI would file a petition in the court for attachment and stalling all transactions covering these properties.
Meanwhile, the Enforcement Directorate too stepped into the picture on Thursday. Its plea for getting a copy of the first of the three charge-sheets filed by the CBI in the illegal assets case against Mr. Jaganmohan Reddy was accepted by the Special Court for CBI cases. The ED proposes to investigate into violations of Foreign Exchange Management Act and Prevention of Money Laundering Act by Mr. Jaganmohan Reddy's companies.
Minister summoned
As the CBI has cast its net far and wide, naming nearly 75 persons and companies in the FIR, more people are being investigated. The agency has summoned for questioning on May 21, a Minister, Mopidevi Venkataramana Rao, who held the portfolio of Infrastructure and Investments when the late Y.S. Rajasekhara Reddy was Chief Minister. This is the second time the Minister is being summoned over his role in allotment of 13,000 acres of land in Guntur and Prakasam districts to industrialist Nimmagadda Prasad for setting up the Vadarevu and Nizampatnam Ports and Industrial Corridor.
Keywords: Y.S. Jaganmohan Reddy, attachment of properties
what happened in the case of y.s.r? god also cannot accept the Frauds.If cbi & society fails also or inefficient,punishment to a1 jagan is certain.
What CBI is doing if JAGAN earned 1L crores. Its is not 10 or 200 rupees to keep in pocket and hide. All govt depts are after JAGAN. Not even they found 100 RS. All Hype no substance. What CBI is doing if JAGAN earned 1L crores. Its is not 10 or 200 rupees to keep in pocket and hide. All govt depts are after JAGAN. Not even they found 100 RS. All Hype no substance, WIth Chinranjeevi they found 80 cr officially. This MP Lagatapati own so much, I am VJA. God knew how much he own. Lanco hills belongs to Warf board he illegally occupied it. Solar scam is biggest.. Reliance KG basin is biggets scam. Govt can’t even touch them. They only after political opponents and uses CBI to attack the. Dnt even touch CBN coz he compromised. JAGAN got real guts, if any one in his place they might have surrendered to high command. That’s why people like him. People will decide who is right or who is wrong. GO JAGAN we are behind you. What ever happens good times will come to you. Be brave .
I still dont understand Why is Jagan mohan reddy not arrested and put behind the bars???? He should have been arrested way long back ...There are enough proofs available how he has made this ill gotten wealth.....
The congress Govts 'CBI' - Congress bureau of Investigation is just making jagan to get back to its party and nothing more, its just trying to scare him and make sure he gets back to congress as it only needs corrupt people him.I pitty people who support Jagan.Both of the TRIO sold n number of things, now be prepared if he gets a descent majority in the upcoming polls he will sell people as slaves to other countries...
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