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Rediff.com  » News » Assets case: CBI 'evaluates' Jagan's Hyderabad residence

Assets case: CBI 'evaluates' Jagan's Hyderabad residence

October 24, 2011 18:36 IST
A Central Bureau of Investigation team, assisted by Andhra Pradesh government officials, continued evaluating the bungalow of YSR Congress chief YS Jaganmohan Reddy, located in plush Jubilee Hills area in Hyderadbad for the fourth consecutive day on Monday.

The team conducted evaluation of Jagan's bungalow after collecting the building plan and other related documents from the Greater Hyderabad Municipal Corporation. "The process of evaluation of the building near Lotus pond has begun and yet to be completed," the CBI official said.

The central agency is probing into the investments allegedly made by various firms in the businesses of Jagan during the tenure of his father and chief minister late Y S Rajasekhara Reddy.

The teams also took measurements and gathered other details pertaining to the residence of Sharmila, sister of Jagan, which is located in the same building compound near Lotus pond.

A CBI official, who confirmed the development, refused to elaborate saying assessment of the building housing the residences of both Jagan and Sharmila is still underway.

Meanwhile, the CBI said it had no objection to share the documents in its possession concerning the investigation into Jagan's assets.

The CBI was responding to a petition filed by the income tax department in Bangalore seeking access to the documents the investigating agency had seized during its various searches earlier.

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