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Tuesday, July 12, 2011

INHERITORS: A.P. High Court orders CBI probe into Jagan's wealth!

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YS Jagan Mohan Reddy - Deccan Chronicle
YS Jagan Mohan Reddy - Deccan Chronicle.

In a significant development, the Andhra Pradesh High Court on Tuesday ordered a preliminary inquiry by the Central Bureau of Investigation (CBI) into the alleged amassing of huge wealth and money laundering by YSR Congress chief Y.S. Jaganmohan Reddy.
A division bench of Chief Justice Nisar Ahmed Kakru and Justice Vilas V. Afzalpurkar asked the CBI to complete the probe in two weeks and submit the report to the court in a sealed cover. The court said the final hearing would take place after the receipt of CBI report.
Treating a letter written by Congress leader P. Shankar Rao as a petition, the court felt that prima facie inquiry is necessary to clear the doubts as it involved public money.
Shankar Rao, now a minister, had written the letter to the court in November last year seeking probe by CBI into the 'ill-gotten' wealth of Jagan, as Y.S. Jaganmohan Reddy is popularly known.
Making the same allegations, a few leaders of Telugu Desam Party (TDP) and a lawyer had also filed Public Interest Litigations, seeking CBI probe against Jagan.

The court said the CBI director or an official nominated by him may conduct the inquiry. All evidences produced before the court will be given to CBI for the inquiry, said K.K. Sherwani, a lawyer and petitioner.
The court asked all government departments and respondents to cooperate with the CBI in the inquiry.
Accusing the son of late chief minister Y.S. Rajasekhara Reddy of 'amassing public money' during his father's reign and committing several violations of laws of the land, Shankar Rao said the Kadapa MP indulged in money laundering by floating fictitious firms and routing 'black money' through some companies in Mauritius.
Rao alleged that Jagan's income which was only Rs.11 lakh in March 2004, had now gone up to Rs.43,000 crore.
Yes, a man who is accused of amassing massive wealth during his (late) Papa's Chief Ministership should be probed!

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