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This is an archive article published on May 27, 2012

Jagan Mohan Reddy arrested in illegal assets case

Kadapa MP has been arrested by the CBI after three days of intense questioning.

The CBI has arrested Kadapa MP Y S Jagan Mohan Reddy today in illegal assets case. Reddy is accused of amassing illegal wealth when his father was chief minister of Andhra Pradesh.

The investigative agency seems to not have been convinced by Jagan’s replies and want more clarity regarding the case.

Meanwhile Hyderabad has been put on high alert with tight secutity.

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Earlier in the day,Jagan Mohan Reddy appeared before the CBI here amid heavy security for the third consecutive day today for his questioning in the alleged disproportionate assets case registered against him.

Jagan’s financial adviser Vijay Sai Reddy (another accused in the case) also accompanied him to the Dilkusha guest house.

The Kadapa MP is being grilled by the CBI since May 25 over the VANPIC project and for allegedly getting investments of several crores into his businesses from various firms and investors on quid pro quo arrangements,when his father late Y S Rajasekhara Reddy was the chief minister of Andhra Pradesh.

The YSR Congress chief,who was questioned for over eight and seven hours in the last two days,had yesterday said he had replied to clarifications sought by the CBI and has been asked to come again before the investigating agency on Sunday,after it sought further clarifications.

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Jagan is likely to appear before a CBI court here in Nampally tomorrow after the court summoned him along with other accused to appear before it after taking cognisance of the first charge sheet filed in the illegal assets case.

Jagan’s anticipatory bail petition will also come up for further hearing tomorrow with CBI being asked to file its counter. In view of his likely appearance before the court,Hyderabad Police have enhanced security in and around Nampally court complex by deploying additional police forces,besides installing CCTVs along the road and surroundings leading to the court.

In order to prevent any untoward incident in the event of Jagan’s arrest,Hyderabad police have already clamped Section 144 of CrPC in the city,besides heavy deployment of AP Special Police and RAF personnel on Raj Bhavan road where the Dilkusha guest house is located.

The CBI,which has so far filed three charge sheets in the case,charged Jagan and his father of hatching a conspiracy to defraud the government with Jagan influencing his father in doling out certain favours to various investors,who made investments of several crores into Jagan’s businesses as a quid pro quo arrangement.

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