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Assets case: CBI rejects Jagan's pleas

May 14, 2012 20:09 IST

In a major setback to YSR Congress leader Jagan Mohan Reddy, the Central Bureau of Investigation court on Monday rejected all three petitions which had challenged the CBI action freezing accounts of three of his holdings.

The CBI court upheld the decision of the CBI which had frozen the accounts of Sakshi Media, Jagathi Publications and Janani Infrastructure.

Jagan had moved the CBI court stating that the CBI action was bad, because the decision to freeze the accounts affected the livelihood of 20,000 employees.

The CBI however countered this argument stating that it was necessary to freeze the accounts as the money trail was an important part of the probe into the disproportionate assets case against Jagan.

The CBI court stated that there was no ground for interference at the moment. Jagan will challenge this order before the Andhra Pradesh high court.

Vicky Nanjappa in Bengaluru