Jagan’s aide Vijay Sai Reddy sent to judicial custody (Lead)January 3rd, 2012 - 6:18 pm ICT by IANS
Hyderabad, Jan 3 (IANS) A special court here Tuesday sent YSR Congress Party chief Y.S. Jaganmohan Reddy’s close aide Vijay Sai Reddy to judicial custody for two weeks in a case involving Jaganmohan’s alleged illegal assets.
The special court dealing with the Central Bureau of Investigation (CBI) cases remanded Vijay Sai Reddy to judicial custody till Jan 17.
Vijai Sai, who was arrested by the CBI Monday night, was later shifted to the Chanchalguda Central Jail.
The court adjourned to Wednesday the hearing on the CBI’s petition for his custody for two weeks.
The vice-president of Jagati Publications Private Limited (JPPL), owned by Jaganmohan Reddy, told the judge that the CBI unnecessarily dragged him into the case.
Vijay Sai, who is the second accused in the case, spent the night at government-run Dilkusha guest house, which is serving as the camp office of the CBI.
He was arrested by the CBI Monday night after questioning him through the day at the guest house.
The CBI officials later in his presence searched his auditing office, residence and the premises of Sakshi, the Telugu daily and the television channel run by the MP.
CBI Joint Director V.V. Lakshminarayana said Vijay Sai Reddy has been booked under sections 120 B (criminal conspiracy), 420 (cheating), 409 (criminal breach of trust by a public servant), 477 (A) (falsification of accounts) and sections 13 (2) read with 13 (1)(D) of the Prevention of Corruption Act.
This is the first arrest made in the case.
As the auditor and financial advisor of the family of late chief minister Y.S. Rajasekhara Reddy, he allegedly played a key role in floating of dozens of companies by Jaganmohan Reddy and mobilising investments from various companies both in India and abroad.
A former director of Oriental Bank of Commerce, Vijay Sai Reddy was questioned several times by the CBI since a case was registered against Jaganmohan Reddy and 74 others in August last year following a direction from the Andhra Pradesh High Court.
The court direction came on petitions by state Minister P. Shankar Rao and leaders of the Telugu Desam Party (TDP).
Jaganmohan Reddy, the MP from Kadapa, is facing the allegation of conspiring with his late father Rajasekhara Reddy to roll out public assets in the form of mining licenses, special economic zones, ports, real estate permissions to unscrupulous investors who pumped money into his companies on a quid pro quo basis.
Several companies and individual investors have been included in the case as accused.
- CBI arrests Jaganmohan Redddy's aide - Jan 03, 2012
- Jagan's aide Vijay Sai Reddy to be produced in court Tuesday - Jan 03, 2012
- Jagan aide's judicial remand extended till Jan 31 - Jan 17, 2012
- CBI grills Vijay Sai in Jagan's assets case - Jan 05, 2012
- CBI files second charge sheet in Jagan assets case - Apr 23, 2012
- Jagan's aide remanded in CBI custody till Jan 9 - Jan 04, 2012
- CBI seeks custody of two officials in Jagan's assets case - Feb 14, 2012
- CBI seeks court nod for Jagan aide's narco test - Jan 25, 2012
- Jagan aide's judicial custody extended - Feb 21, 2012
- Court rejects Jagan aide's plea for laptop in jail (Lead) - Feb 15, 2012
- Jagan aide's CBI custody extended till Jan 17 - Jan 10, 2012
- Congress, TDP want to see Jagan behind bars - Jan 03, 2012
- Andhra high court cancels Jagan aide's bail - Apr 20, 2012
- Jagan's aide again released on bail - Apr 30, 2012
- CBI charge sheets Jagan, 12 others in illegal assets case (Second Lead) - Mar 31, 2012
Tags: bank of commerce, breach of trust, cbi officials, central bureau of investigation, central jail, chief minister, congress party, criminal breach of trust, criminal conspiracy, falsification, jagan, judicial custody, oriental bank of commerce, party chief, prevention of corruption act, public servant, television channel, vijai, vijay, ysr