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Friday, August 19, 2011

SAKSHI SCAM: Raids continue on Jagan’s businesses for second day!

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S. Nagesh Kumar, The Hindu / HYDERABAD, August 19, 2011.

For the second consecutive day on Friday, the Central Bureau of Investigation (CBI) team conducted searches across Andhra Pradesh on businesses owned by YSR Congress president Y. S. Jaganmohan Reddy and corporate offices of companies that invested in his firms. 
CBI teams had already begun searches or were on their way to various locations in Mahabubnagar, Nalgonda, Guntur and Khammam districts. In Hyderabad, searches were in progress in seven different locations. 
The raids were a consequence of the FIRs the CBI had filed on Wednesday registering cases of criminal conspiracy, cheating, falsification of records and corruption under different sections of the Indian Penal Code against Mr. Jaganmohan Reddy following directions of the Andhra Pradesh High Court last week. 

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