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CBI freezes bank accounts linked to Jagan

Last updated on: May 08, 2012 21:47 IST
In fresh trouble for YSR Congress chief and Kadapa MP Jagan Mohan Reddy, the Central Bureau of Investigation is freezing the accounts of three companies owned by him, including the Sakshi TV.

The CBI has frozen the accounts of Jagathi publications, Sakshi TV and Janani Infra (all controlled by Jagan) under the provisions of Section 102 of the Code of Criminal Procedure.

The CBI has taken this action in continuance of their probe against in the disproportionate assets case against Jagan. It was alleged that the money made by Jagan through his late father and former Andhra Pradesh CM Dr Y S Rajasekhara Reddy was pumped into the above mentioned companies.

It is also been alleged that these companies acted as fronts to stash his money illegally.

Meanwhile, Jagan also faces a summons from the CBI court. The court has directed Jagan to appear before it on May 28.

Jagan has reacted sharply to the latest development. "There is no freedom of speech here and hence they are after my channel Sakshi TV. I do not think the situation was this bad during Emergency too. They want to eliminate Sakshi television at any cost. They cannot face me and hence this ploy," Jagan said.

PTI adds

The court had also summoned 12 others facing charges in the case to appear before it on the same day.

Managing Directors Srinivasa Reddy (Hetero Drugs), Nityananda Reddy (Aurobindo Pharma), Sarat Chandra Reddy (Trident Life Sciences), senior IAS officer B P Acharya, AP Industrial Infrastructure Corporation's former officer Y Vijayalakshmi, former Company Secretary of Aurobindo Pharma Chandramouli are among those issued summons by the CBI court.

IAS officer Venkatarami Reddy, Ramky Group chairman Ayodhyarami Reddy, Jagati Publications (publisher of Sakshi Telugu daily) and Ramky Pharma India Limited have been named as the other accused in the case.

CBI said Ramky had invested Rs 10 crore in Jagati Publications as a quid pro quo for the benefits it secured from the then government headed by Jagan's father Y S Rajasekhara Reddy.

Besides, representatives of Jagati Publications, Hetero, Aurobindo, Trident Life Sciences, who have been named in the CBI charge sheet, have also been asked to appear in the court on May 28.

Vicky Nanjappa