Justice K. C. Bhanu of the A. P. High Court heard the arguments in the case field by CBI seeking cancellation of bail grated to Vijayasai Reddy, second accused in a criminal case pertaining to amassing of wealth by Kadapa MP Y.S. Jaganmohan Reddy.
The judge heard at length CBI's counsel Keshava Rao and the auditor's counsel Sushil Kumar. The CBI contended that Mr. Vijaysai Reddy was the mastermind behind quid pro quo favours in the case and due to his multi-tasking skills, the group of companies owned by Mr. Jaganmohan Reddy received investments worth Rs. 840 crore. There was likelihood that he would interfere with the investigation by influence the witnesses if he continued to be on bail.
Counsel for Mr. Vijaysai Reddy told the court that his client was just a chartered accountant and was not in any way related to the quid pro quo favours. He said the auditor was in jail for more than 90 days after his arrest on January 3. He had turned up before the CBI on 30 occasions and was interrogated for over 300 hours. Mr. Sushil Kumar said that the accused was entitled for bail either after filing of a charge sheet or spending more than 90 days in judicial custody.The arguments will continue on Friday.
