Hyderabad: Kadapa MP YS Jagan Mohan Reddy's first day of questioning revolved around crores of investments that flowed into his companies allegedly through hawala routes.
The CBI also sought to know the alleged pressure exerted by the MP and his late father and chief minister YS Rajasekhara Reddy, on the then investments and infrastructure minister Mopidevi Venkata Ramana Rao with regard to the Vanpic deal. The CBI, according to sources, is trying to nail the ministers of erstwhile Rajasekhara Reddys cabinet for extending benefits to industrialists by misusing their office.
During the six-and-a-half hour grilling punctuated only by a brief lunch break, investigators sought to know from Jagan the details about the role of some of the ministers in the YSR cabinet in extending various benefits to the companies of industrialists who have in turn invested in his companies in a quid pro quo arrangement.
On the Vanpic deal, the CBI sought to know whether Jagan or his father pressurised Mopidevi to approve the cabinet memorandum containing proposals for awarding the project withholding many important aspects detrimental to the state government. The former minister was also asked about the land allotments made to the promoters to execute the project. Mopidevi, along with industrialist and project promoter Nimmagadda Prasad and IRAS officer KV Brahmananda Reddy, have already been arrested in the case....
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10:44 AM, Jun 04, 2012
New Delhi: Kadapa MP and YSR Congress president YS Jaganmohan Reddy's Jagathi publications has moved the CBI court on Wednesday seeking to defreeze their bank accounts. The Court has asked the CBI to file a reply by Thursday. Earlier, reacting to the CBI's closure of the Current Accounts of the Group's organisations, the Sakshi group called it an attempt to gag the media and free speech. It denied the charge...
03:23 PM, May 09, 2012
New Delhi: Former Andhra Pradesh Chief Minister YS Rajshekhar Reddy's son Jagan Mohan Reddy is one step closer to being arrested in an illegal assets case, after his auditor Vijay Sai Reddy was arrested on Monday, shortly after he appeared before the CBI for questioning. The arrest is significant as Vijay Sai Reddy has been a close aide to the family for more than 3 decades. Accused number 2 in...
06:58 AM, Jan 03, 2012
Hyderabad: Kadapa MP Jagan Mohan Reddy's firm Jagathi Publications is under scanner. Value of Jagathi Publications was allegedly overstated by Rs 1,000 crore at Rs 3,500 crore. In what is being called another Satyam-like scam, auditing firm Deloitte reportedly admitted to fudging the accounts of the Kadapa MP Jagan Reddy-owned media house Jagathi Publications. The company reportedly told a Hyderabad court it had pumped up the value of Jagathi by...
10:03 AM, Nov 12, 2011
Hyderabad: The Income Tax Department has slapped showcause and demand notices to the tune of Rs 122 crore on former Congress MP Y S Jagan Mohan Reddy-owned Jagathi Publications (JPPL) for mismatching amounts reported in company records. The notice assumes significance as Jagan Reddy announced a new party, the YSR Congress Party, just two days ago. When contacted, sources close to the Income tax Department confirmed the issuance of a...
02:29 PM, Mar 15, 2011
