Jagan plea against HC order rejected

Reddy,son of the late Y S Rajasekhara Reddy,had earlier moved the apex court challenging the August 10 high court order saying it was not a reasoned decision. The HC,in its order,had directed CBI to take the probe into the case to its logical end.

The HCs order came on a petition filed by state Handlooms and Textile Minister P Shankar Rao who had alleged that Jagans income rose from Rs 11 lakh in 2004 to Rs 43,000 crore by his fathers death in 2009.

In his petition,Rao had sought a CBI inquiry into the companies that had invested in Jagans businesses to allegedly win favours in the form of land allotments and mining leases from the then YSR government.

The HC had set aside Jagans counsels arguments that the petitioner has political vendetta,and said the petitioners contention needs to be appreciated.

On July 22,the SC had refused to stay HCs order for a preliminary CBI inquiry to ascertain if Jagan owns disproportionate assets.