The CBI, which arrested YSR Congress president Mr YS Jaganmohan reddy’s Man Friday Mr Vijayasai reddy Monday night in the illegal assets case, registered cases against him under sections 120 B read with 420, 409, 420 and 477 A of the IPC and under section 13(2) read with 13 (1) ( C ) (D) of the Anti-corruption Act.
The cases were registered for criminal conspiracy against the Government and cheating it with a view to rob its income and related offences. Vijay Sai Reddy is the number 2 accused in the Jagan’s illegal properties case while Jagan himself is the number one accused.
The CBI said the evidence available with it clearly states that Jagan entered into a criminal conspiracy with the late chief minister YSR and his Man Friday Vijay Sai Reddy and 70 others between 2004 and 2009 for cheating the state government and granting favours to the companies owned by him.
The premier investigating agency said that Vijay Sai Reddy, as the auditor of the YSR family for the last 30 years, manipulated the bribes from several companies as investments into Jagan-owned companies who received favours from the government.
Vijay Sai reddy is the brain behind several Kolkata-based brief case (bogus) companies from which investments flowed into Jagan companies, asserted CBI officials.
After his arrest last night, the CBI officials took Mr Reddy to his house and to the Sakshi daily office where searches were conducted and some hard disks, files and documents were recovered.
CBI superintendent of police H. Venkatesh stated in the FIR that Mr Jagan exercised undue influence on his father and unknown public servants for getting favours to his companies and organizations.
The FIR said that because of the criminal conspiracy, the state suffered heavily while the accused benefited wrongfully. “Several companies, as a quid-pro-quo for getting favours from the government, invested in Jagathi Publications, Sandur Power Company Limited, Carmel Asia Holdings Limited, Bharathi Cement Corporation Limited and other companies promoted by Y.S. Jagan Mohan Reddy at a huge premium,” said CBI in its FIR.
Several persons including high profile businessmen Nimmagadda Prasad, Mr P. Pratap Reddy, Mr A.K. Dandamudi and Mr Srinivas Reddy were cited as accused in the case. (JUBS)
