logo

SC rejects Jagan’s bail plea

SC rejects Jagan’s bail plea
YSR Congress president Y.S. Jaganmohan Reddy, will have to remain behind bars as the Supreme Court on Thursday dismissed his bail petition in a case of illegal assets, saying his release could hamper the probe.

The court also directed the CBI to complete its investigations in the case in four months.

A division bench of Justice P. Sathasivam and Justice M.Y. Iqbal cancelled the bail of Jagan's auditor Vijay Sai Reddy and directed him to surrender by 5 June, Central Bureau of Investigation (CBI) counsel Ashok Bhan told reporters outside the court.

The judges also rejected the bail plea of accused industrialist Nimmagadda Prasad.

Terming Jagan as the main accused and beneficiary of the case, the court rejected the bail plea on the ground that being an influential politician, he may influence the witnesses and hamper the investigations, Bhan said.

‘I feel excited. The rule of law has prevailed. The Supreme Court has upheld the rule of law. All rumours floated by the accused are blunted and nailed now,’ Bhan said.

He said though the court gave the CBI four months to complete the probe, if necessary the agency may seek more time to complete the investigations.

During the arguments on the bail petition, the CBI submitted that it may take four to six months to complete the probe.

Bhan said three charge sheets were in the pipeline. ‘The CBI is doing it as expeditiously as possible,’ he said.

Jagan, a Lok Sabha member from Kadapa, was arrested by the CBI 27 May last year on charges of amassing huge wealth by doling out favours to individuals and companies who invested in his business when his father Y.S. Rajasekhara Reddy was chief minister of Andhra Pradesh from 2004-09. The CBI claimed that the government granted licences, leases and lands to companies on quid pro quo basis.

Bhan said the court observed that Jagan was involved in the scam and enriched himself and deprived society of legitimate rights of development.

‘The Supreme Court took serious view of this and observed that enriching an individual or a group of individuals is not permissible under law and he has to suffer and remain in jail for some more time,’ he said.

On Vijay Sai Reddy, the court quashed the order of the Andhra Pradesh High Court which upheld the bail granted to him last year by the trial court. The apex court allowed him to attend his daughter's marriage 26 May. The judges, initially, asked him to surrender by 30 May but on the request by his lawyer, allowed him time till 5 June. The court observed that Vijay Sai Reddy was not an ordinary chartered accountant but the main brain behind the scam.
Agencies

Agencies

Our Contributor help bring you the latest article around you


Exclusive

View All

Latest News

View All
Share it
Top