YSR Congress president Y.S. Jaganmohan Reddy was questioned by a team of Central Bureau of Investigation (CBI) officials led by its Joint Director V.V. Lakshminarayana here on Saturday in the disproportionate assets case.
The interrogation is said to have focused on the economic offences allegedly committed by Mr. Jagan and his companies including the investments into Jagathi Publications that runs the daily Sakshi. The questioning went on for over six hours from 10.30 a.m. and unlike other days, his financial advisor, V. Vijay Sai Reddy was not present. The CBI was granted by the Special Court two more days of custody of the Kadapa MP on Saturday and h Sunday. In a strategic move, the CBI authorities were said to have examined Mr. Jagan alone in an attempt to pressurise him psychologically and make him part with information on key issues relating to foreign investments by companies registered in Mauritius and Luxemburg into his companies.
The CBI believes that this money was made from ‘quid pro quo' deals, sent to tax havens and ploughed back as investments into his companies through the hawala route. The agency believed that Mr. Jagan alone had knowledge of such deals and it was necessary for it to elicit information from him and establish the charges.
The agency also questioned him on the background of these foreign firms, including their promoters. Most of these were stated to have been floated after 2004 when his father Y.S. Rajasekhara Reddy became Chief Minister.