SAKSHI SCAM: ED registers money laundering case against Jagan!

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Press Trust Of India / ibnlive.in.com / Posted on Aug 30, 2011 at 09:51pm IST.

Hyderabad: Enforcement Directorate has registered a money laundering case against former Congress leader YS Jaganmohan Reddy, days after CBI had searched various premises belonging to him.

The case was registered after ED conducted a probe to trail the funds pumped by the MP and son of former Andhra Pradesh chief minister YS Rajasekhara Reddy and his associates into the companies owned by them.

The agency, according to sources, is expected to speed up the probe in this case and register separate cases under foreign currency exchange laws, making the CBI charge sheet in this case as the basis for its action.

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SAKSHI SCAM: Supreme Court rejects Jagan plea against HC order!

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PTI / The Hindu / NEW DELHI, August 24, 2011.

A file photo of YSR Congress leader Y.S. Jaganmohan Reddy. The Supreme Court has dismissed a plea of Mr. Reddy against a AP High Court order asking the CBI to conduct a probe into his alleged disproportionate assets - PTI.

The Supreme Court on Wednesday dismissed a plea of the YSR Congress leader Y.S. Jaganmohan Reddy against the Andhra Pradesh High Court’s order asking the Central Bureau of Investigation to conduct a probe into his alleged disproportionate assets.

“There is no need to interfere with the order of the High Court,” a bench headed by Justice Dalveer Bhandari said.

Mr. Jaganmohan Reddy, son of late Chief Minister Y.S. Rajasekhara Reddy, had earlier moved the Supreme Court challenging the August 10 order of the High Court saying it was not a “reasoned decision”.

The High Court, in its order, had directed the CBI to take their probe into the case to its logical end.

The High Court’s order came on a petition filed by State Handlooms and Textile Minister P. Shankar Rao who had alleged that Mr. Jaganmohan Reddy’s income rose from Rs. 11 lakh in 2004 to Rs. 43,000 crore by the time of his father’s death in 2009.

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http://www.thehindu.com/news/states/andhra-pradesh/article2392923.ece

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SAKSHI SCAM: ED may file money laundering case against Jagan!

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Press Trust Of India / ibnlive.in.com / Posted on Aug 23, 2011 at 04:55pm IST.

Hyderabad: The Enforcement Directorate (ED) may file a money laundering case against YS Jagan Mohan Reddy and some of his associates, days after the CBI searched various premises belonging to the Kadapa MP.

The Directorate is understood to have made a discreet probe trailing the funds pumped by the MP and son of former Andhra Pradesh chief minister YS Rajasekhara Reddy and his associates into the companies owned by them.

The agency, according to sources, has gone through some official documents of transactions as part of its investigation under the provisions of the Prevention of Money laundering Act (PMLA).

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http://ibnlive.in.com/news/ed-may-file-money-laundering-case-against-jagan/177996-62-127.html

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SAKSHI SCAM: 24 Congress, 2 TDP rebels resign from AP Assembly!

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August 22, 2011 / PTI, Hyderabad / DC.

In fresh trouble for the Congress in Andhra Pradesh, 24 of its MLAs and two TDP rebel legislators on Monday resigned protesting inclusion of late chief minister Y S Rajasekhara Reddy's name in the CBI FIR in a probe into his son Jaganmohan's assets.

The ruling Congress MLAs resigned both from the Assembly and the primary membership of the party over the issue and faxed the resignation letters to APCC headquarters.

The 26 MLAs, who submitted their resignations to Legislature Secretary S Raja Sadaram on Monday, have been sailing with Jagan, Kadapa MP and YSR Congress President, for the past few months.

Disqualification petitions are pending against seven of these MLAs, including one who did not resign on Monday.

Three Jagan-loyal MLAs from Telangana region did not submit their resignations claiming they had already put in their papers over the statehood issue.

Those who did not resign include Konda Surekha, Jayasudha Kapoor and Kunja Satyavathi.

Though their earlier resignations were rejected by Assembly Speaker Nadendla Manohar, along with 98 other rejections, the three MLAs contended that their papers still held good.

  

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http://www.deccanchronicle.com/channels/nation/south/24-congress-2-tdp-rebels-resign-ap-assembly-539

SAKSHI SCAM: 26 Jagan loyalist MLAs announce resignation!

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Special Correspondent, The Hindu / HYDERABAD, August 21, 2011.

Former Minister Pilli Subash Chandra Bose announces the resignations of Congress MLAs supporting Y.S. Jaganmohan Reddy in Hyderabad on Sunday. Photo: G. Ramakrishna - The Hindu.

The Congress Government in Andhra Pradesh was faced with a fresh political crisis when 26 MLAs owing loyalty to YSR Congress president Y.S. Jaganmohan Reddy announced their decision to resign from the Assembly as well the primary membership of the ruling party.

Two Congress MPs M. Rajamohan Reddy and Sabbam Hari, who are openly supporting Mr. Jagan, and two TDP rebel MLAs, who are also sailing with the Kadapa MP, said they would resign.

This decision was announced after an emergency meeting of MLAs on Sunday to protest against inclusion of former Chief Minister Y.S. Rajasekhara Reddy’s name in the first information report (FIR) filed by the CBI against Mr. Jagan. The CBI has been conducting extensive searches of the business premises and residences of Mr. Jagan and the corporate offices of companies that invested in his firms since the past four days.

The MLAs said they would meet A.P. Legislative Assembly Speaker Nadendla Manohar at 11 a.m. on Monday and hand over their letters of resignations.

In a House of 294 (one seat is vacant), the Congress and its allies have a strength of 183. The break-up is as follows: Congress 173 (including 18 PRP MLAs who have merged with the Congress), MIM 7 and Independents 3. There is no threat to the Kiran Kumar Reddy Government falling into a minority as the YSR Congress party said its intention was not to bring down the Government.

     

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http://www.thehindu.com/news/states/andhra-pradesh/article2379393.ece?homepage=true

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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SAKSHI SCAM: Jagan may be booked on money laundering charges - ED sources!

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August 18, 2011 / PTI, Hyderabad / DC.

After the CBI raids, Enforcement Directorate may soon file a money laundering case against Y.S. Jaganmohan Reddy and some of his associates.

The Directorate is understood to have made a discreet probe trailing the funds pumped by the Kadapa Member of Parliament and son of former Andhra Pradesh chief minister Y.S. Rajasekhara Reddy and his associates into the companies owned by them.

The agency, according to sources, has gone through some official documents of transactions as part of its investigations under the provisions of the Prevention of Money laundering Act (PMLA).

The CBI earlier today registered a case against Reddy on the instructions of Andhra Pradesh High Court under relevant sections of the Indian Penal Code pertaining to cheating, criminal conspiracy, criminal breach of trust and under provisions of Prevention of Corruption Act.

Full Story at,

http://www.deccanchronicle.com/channels/nation/south/jagan-may-be-booked-money-laundering-charges-ed-sources-801

SAKSHI SCAM: CBI begins searches in Jagan, Emaar cases!

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zeenews.india.com / Last Updated: Thursday, August 18, 2011, 09:19.

Hyderabad: The Central Bureau of Investigation (CBI) Thursday began simultaneous searches at several places in the cases relating to alleged illegal assets of YSR Congress party chief YS Jaganmohan Reddy and irregularities in Emaar township project.

According to sources in CBI, about 20 teams began simultaneous searches at several places in Hyderabad, Bangalore, Chennai and Visakhapatnam.

Armed with search warrants from a special court, the CBI sleuths began the searches at the residences of Jaganmohan Reddy, IAS officer BP Acharya, businessman Nimmagadda Prasad.

Searches were also launched at the offices of the companies owned by Jagan, as the MP from Kadapa is popularly known, and the firms which invested in his businesses.

The searches began a day after CBI registered a First Information Report in both the cases on the direction of Andhra Pradesh High Court.

A team of 11 CBI officers started searching at the palatial residence of Jagan at Lotus Pond at Banjara Hills. Simultaneous search was also on at the residence of Prasad in Sainikpuri.

The first search began early in the day at the residence of Acharya in Mahindra Hills here. He was managing director of Andhra Pradesh Industrial Infrastructure Corporation (APIIC) when Dubai-based Emaar allegedly committed irregularities in developing a township project here.

Emaar, which was allotted land by APIIC, allegedly brought down the latter's equity in the joint venture and roped in another company without permission from APIIC, causing huge losses to public exchequer.

The CBI officers also launched the searches at the offices of Bharati Cement and Telugu daily and television channel Sakshi, owned by Jagan, son of late chief minister YS Rajasekhara Reddy.

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http://zeenews.india.com/news/andhra-pradesh/cbi-begins-searches-in-jagan-emaar-cases_726765.html

SAKSHI SCAM: CBI files FIR against Jagan Reddy in disproportionate assets case!

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Press Trust Of India / ibnlive.in.com / Posted on Aug 17, 2011 at 10:27pm IST.

Hyderabad: In fresh trouble for YSR Congress chief Jagan Mohan Reddy, the CBI on Wednesday filed an FIR against him in Andhra Pradesh in connection with a disproportionate assets case. The agency also filed a petition in a special court in Hyderabad seeking its permission to conduct searches at his premises.

The search operations are expected soon and special teams have been formed, CBI sources said in Hyderabad.

The CBI action came even as the former Congress leader and son of late Chief Minister YS Rajasekhara Reddy moved the Supreme Court challenging the Andhra Pradesh High Court's order directing CBI to have a thorough inquiry against him for his alleged disproportionate assets.

Reddy contended that the August 10 order of the High Court was not a reasoned decision.

The High Court, in its order, had directed CBI to take their probe into the case to its logical end and ordered a thorough inquiry by CBI into the alleged disproportionate assets of Jagan after registering a criminal case.

Full Story at,

http://ibnlive.in.com/news/cbi-files-fir-against-jagan-reddy/176422-37-64.html

SAKSHI SCAM: Jagan Mohan's properties could be raided soon!

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ndtv.com / NDTV Correspondent, Updated: August 17, 2011 17:46 IST.

Hyderabad:  Jagan Mohan Reddy's legal troubles over his considerable fortune are escalating. The CBI, which is investigating the influential MP's massive wealth, has reportedly asked a court for permission to search Mr Reddy's properties. 

Mr Reddy is one of India's wealthiest politicians. In April this year, he declared assets worth Rs. 365 crores.

A case has been filed against him in his home state by rival politicians led by minister P Shanker Rao who is from Mr Reddy's former party, the Congress. Mr Reddy launched his own party, the YSR Congress, earlier this year. He has accused the Congress of "witch-hunting."

Is he attributing motives to the High Court of Andhra Pradesh?, as it is that High Court that has gone into the initial complaints against him, satisfied itself that, prima facie, evidence exists for a full scale probe by the CBI and ordered accordingly!

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http://www.ndtv.com/article/india/jagan-mohan-s-properties-could-be-raided-soon-127200