Vijay Sai Reddy, Chartered Accountant, the main heart pumping mechanism of YS Jagan’s money laundering wanted his bail extended with a plea that his daughter’s marriage is to be performed on 26th of May.
But CBI has been arguing against it. CBI’s argues that the enquiry is getting delayed as Vijay Sai Reddy has been influencing the witnesses and making hurdles in the investigation.
CBI Councel Ashok Bhan went to the extent of calling Vijay Sai Reddy a terrorist of finance nature to rout the monies from Dalmia Cements to fictitious companies abroad. Vijay Sai was compared with Afjal Guru who was the main brain behind the attack on Parliament. So also Vijay Sai the brain behind the economic offences committed by Jagan’s group of companies. Vijay Sai Reddy was one of the Directors of Oriental Bank Of Commerce and obviously with an imposing weight to sanction a loan of 200 crores of Rupees to Jagan’s firm.
After hearing the arguments from both sides, the court reserved its judgment to the next hearing.