Monday, December 24, 2012

HC dismisses Jagan’s bail plea

HYDERABAD, December 24, 2012 PTI

Andhra Pradesh High Court on Monday dismissed the bail petition of YSR Congress chief Y S Jaganmohan Reddy in connection with the case of alleged disproportionate assets involving him.

Mr. Jagan earlier moved the High court contending that he is entitled to bail as a matter of right in view of the fact that the CBI had not filed a charge sheet within the prescribed time.

However, opposing Mr. Jagan's bail plea, the CBI had contended that the issue of statutory bail was argued at length in Supreme Court and the accused now cannot raise this issue once again.

The central agency had further informed the High Court that the Kadapa MP was arrested in a particular case of VANPIC deal alone and not yet in other aspects.

On November 28, a special CBI court had dismissed his statutory bail petition observing that "granting bail at this stage of pending investigation will not only impede the investigation, but also infringe the avowed purpose set out by the Supreme Court in its order".

His second bail plea was also dismissed subsequently on December 4 after which Mr. Jagan moved the High Court and filed two bail petitions.

VANPIC project's promoter (industrialist Nimmagadda Prasad) allegedly invested Rs. 854 crore in the companies belonging to Mr. Jagan towards largesses for which the then AP government, led by late YS Rajasekhara Reddy, doled out many favours in the form of awarding the project.

Mr. Jagan, who was arrested on May 27 this year by CBI on corruption charges, is presently under judicial remand and lodged at the Chanchalguda Central Prison here.
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