The Central Bureau of Investigation (CBI) has strongly opposed the bail plea of the leader of YSR Congress Party Jaganmohan Reddy as the matter was still under investigation in some vital aspects, including the ‘hawala’ aspect under the Money Laundering Act for transferring huge foreign funds into the companies of the Petitioner and his family members.
The Enforcement Directorate is also examining the accused on this particular aspect, the CBI told the Supreme Court in its counter affidavit in response to the notice issued by a Bench of Justices Aftab Alam and Ranjana Desai on the bail plea of Mr. Reddy challenging the Andhra Pradesh High Court order declining to release him on bail. The case comes up for further hearing on September 14 and the CBI has requested the Union Law Minister to engage senior counsel Ashok Bhan and Additional Solicitor General Harin Raval to appear in this case.
In its counter, the CBI said, “It has already obtained orders for Letter Rogatories u/s 166-A Cr.P.C from the Special Court for CBI Cases, Hyderabad for six countries viz. British Virgin Islands, Hong Kong, Luxembourg, Mauritius, UK and Singapore and the respondents are constantly pursuing the authorities of those six countries and replies are awaited.”
“Further having regard to the huge finances available at the disposal of petitioner and his political clout, he is likely to interfere with the process of further investigation which is going on in regard to several other aspects of the case being invested. Therefore setting him at liberty at this moment will not only interfere with the ongoing investigation but also impair the existing cases in the court,” the CBI said.
