Illegal assets: CBI files chargesheet against Jagan Reddy

Jagan Reddy has been charged with offences under different provisions of Prevention of Corruption Act. There is no allegation under IPC sections,defence council Ashok Reddy said.

“CBI has charged him with aiding his father,” he claimed.

In its 68-page chargesheet,the CBI has cited 263 documents and 66 witnesses.

Jaganmohan Reddy has been named as the prime accused,followed by Vijay Sai Reddy and suspended IAS officer B P Acharya and Jagati Publications,which runs Sakshi newspaper,as the co-accused.

Vijay Sai Reddy has been charged with offences of criminal conspiracy,cheating and under other provisions of IPC.

In August 2011,the CBI,in its FIR against Jaganmohan Reddy and 73 others including Vijay Sai Reddy,had alleged that various investors,who are beneficiaries of public properties,licenses among others invested in the companies promoted by Jagan at very high premiums as a quid pro quo to the favours doled out by former Andhra Pradesh Chief Minister late Y S Rajasekhar Reddy under his son’s influence.

Out of the 13 accused,only Vijay Sai Reddy has been arrested so far and is currently under judicial custody.