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DA case: Jagan quizzed by CBI for third day

Hyderabad: CBI today questioned YSR Congress chief YS Jaganmohan Reddy for the third consecutive day in connection with the alleged disproportionate assets case against him. Kakinada Urban MLA Dwarampudi Chandrasekhara Reddy, Jagathi Publications Editorial Director S Ramakrishna Reddy, and Jagan`s Financial Advisor V Vijay Sai Reddy (an accused in the DA case) also appeared before the central agency as part of the questioning.

After taking Jagan into custody from Chanchalguda jail here, a CBI team took him to its local office amidst heavy security, where he was grilled for over six hours about investments into Jagati Publications, Indira Television and Janani Infrastructure Pvt Ltd–promoted and owned by Jagan. Jagati Publications, Indira Television-run Sakshi, a Telugu daily and Sakshi TV.

It was learnt that Chandrasekhara Reddy, who was said to be one of the promoters of Janani, was quizzed with regard to the flow of investments into Janani while Ramakrishna Reddy, (also a promoter of R R Global which allegedly invested into Jagan-owned companies), was questioned on the source of funds allegedly invested in Jagan`s businesses.

Along with Vijay Sai Reddy, Chandrasekhara Reddy and Ramakrishna Reddy were reportedly confronted with Jagan and the agency questioned them with documentary proof and statement of witnesses. The Kadapa MP, who was arrested by the agency on May 27 in the disproportionate assets case, is under judicial remand till June 11 and lodged at Chanchalguda jail. The AP High Court had last week given Jagan`s custody to CBI for five days till June 7.

CBI, which has so far filed three chargesheets in the case, has accused Jagan of getting investments of several crores of rupees from firms into his own businesses as part of quid-pro-quo when his father late Y S Rajsekhara Reddy was chief minister of Andhra Pradesh. According to the FIR filed by CBI in August last year, the Jagan-owned Jagati Publications Pvt Ltd incorporated on June 14, 2006, and with an accummulated business loss of Rs 350 crore in four years could get a total investment of Rs 1,246 crore.

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