In yet another set back to the YSR Congress Party president Mr YS Jaganmohan reddy, the AP High Court today ordered a preliminary CBI investigation into his alleged illegal properties accumulated through corrupt practices during his father’s regime. The investigation will also cover Jagan’s purported money laundering activities.
Jagan has reportedly decided to approach the Supreme Court challenging the high court order, according to reports.
The court ordered the CBI to submit a report in a sealed cover with in two weeks for initiating further proceedings in the case. The order was passed based on one of the four petitions filed by the minister Shankar rao against Jagan.
The court, after taking note of the letters written by the minister, treated them as petitions and began hearing on them since Monday. Yesterday, it ordered a CBI inquiry into the Emaar land distribution scandal which was reportedly linked to Jagan and his Sakshi daily.
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Order strikes body blow to Jagan
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The court ordered all government departments and officials to cooperate with the CBI in the investigation and supply all the required information to the agency. A division bench of the court comprising chief justice Nisar Ahmed Kakru and Vilas V. Afzalpurkar said further hearing in the case will take place after two weeks once the CBI submits its report.
Shankar Rao said in his petitions that Jagan indulged in money laundering transactions by floating fictitious firms and routing the alleged black money into India through some companies in Mauritius.
Rao also said that Jagan’s income which was only Rs.11 lakh in March 2004 had now reached to a whopping Rs.43,000 Cr and requested the court to order a CBI inquiry to find out how that had become possible.
Opposition TDP leader K. Yerram Naidu and some others had also filed separate petitions seeking CBI probe against Jagan’s alleged illegal wealth. All the petitions were clubbed by the High Court.
