Hyderabad: The YSR Congress Party chief YS Jagan Mohan Reddy finally walked out of Chanchalguda jail in Hyderabad around 2 pm on Tuesday after spending 16 months there in a disproportionate assets case.
Thousands of his supporters had gathered outside the jail gate to great him. Jagan, dressed in a striped shirt and trousers, thanked his party workers and supporters after coming out of the jail.
His release is expected to give a big boost to the anti-Telangana movement in Andhra Pradesh as he has a strong base in Seemandhra region of the state.
Jagan will be taken to his house at the posh Banjara Hills in a huge procession. Tens of thousands of Jagan supporters from different parts of the state have already arrived in Hyderabad to welcome their leader.
A CBI special court in Hyderabad has granted him a conditional bail after the CBI informed the court that it has completed investigation in all the cases against him on Monday. The CBI has filed a total 10 charge sheets against him in the disproportionate assets case.
The son of the late Andhra Pradesh Chief Minister YS Rajashekara Reddy was arrested in the last week of May 2012 in connection with disproportionate assets he allegedly amassed during the tenure of his father as the CM.
Jagan's bail was rejected at least 6 times, before this. In May 2012, the Supreme Court had ordered the CBI to complete investigations by September. The CBI on Monday filed a Memo before the court saying that the investigation against him is over.
Reacting to Jagan's bail his wife Bharathi Reddy expressed happiness. She told CNN-IBN that their children were eagerly waiting for him at home.
Senior YSRCP leader Dr MV Mysura Reddy felt that his release from the jail would strengthen his party's position in the coming Assembly and Lok Sabha polls.
During Jagan's long stay in the jail, his sister Sharmila and mother YS Vijayamma were running the party. His wife Bharathi Reddy has been managing his business empire including the Sakshi group of media houses.
Jagan Reddy left the Congress in the late 2010 to form the YSRCP. The AP High Court ordered a CBI probe into his assets in July 2011, which was later upheld by the Supreme Court.
Along with Jagan four AP Congress ministers have also been charge sheeted. One of them M Venkataramana is also in the jail with him. Noted industrialist Nimmagadda Prasad, Jagan's company auditor V Vijayasai Reddy, IAS officer Brahmananda Reddy are also with him in the jail. They are also now expected to get bail.
Since the Assembly and Lok Sabha polls are just 6-7 months away, Jagan's release from the jail assumes a lot of significance. His party is hoping that he will take on both the Congress and TDP. He is also expected to cash in on the sympathy wave.
Since it is a conditional bail, he may not be allowed to tour the entire state to continue his Yatra. According to political analyst K Nageshwar, Jagan will emerge as the saviour of AP openly opposing the creation of Telangana.
Jagan's YSRCP is hoping to win most of the Lok Sabha seats in the Seemandhra region in the coming Assembly and Lok Sabha polls. Congress MP from Nizamabad in Telangana Madhu Yakshi Goud said that the CBI could appeal against the bail in the High Court. Jagan's family and supporters are holding Sonia Gandhi responsible for his plight.