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CBI seeks 14 days custody of Jagan

 

AGENCIES | Hyderabad, May 28, 2012 12:54
Tags : Kadapa MP | Jagan Mohan Reddy |disproportionate assets |CBI court |
 

CBI seeks 14 days custody of JaganCBI today sought 14 days custody of Kadapa MP Jagan Mohan Reddy, saying it needed to further question him in the disproportionate assets case.

39-year-old Jagan, who was arrested yesterday, was produced before a CBI court here.

Seeking 14 days police remand, senior CBI counsel Ashok Bhan alleged that YSR Congress chief Jagan Mohan Reddy "sent (bribe amount) abroad and got it reinvested in his business through hawala racket".

"Jagan never cooperated in the investigation during the three-day questioning period in true sense," the CBI counsel alleged.

"Jagan can no longer masquerade as a victim of CBI probe. He cannot assail CBI for being victimised. He has hoodwinked the people of a huge sum of money. We will now show the people about his swindling of money. He cannot seek public sympathy He has deprived poor people and caused them irreparable loss and in turn enriched himself by dubious mechanism by sending the funds abroad and getting the same invested in his companies," the counsel alleged.

CBI has charged Jagan under Sections 120-B (criminal conspiracy), 420 (cheating), 409 (criminal breach of trust) and 477A (falsification of accounts) of the Indian Penal Code and Section 13 of the Prevention of Corruption Act.

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Issue Dated: Feb 5, 2017