The Apex Court of India will decide today, whether the politician Jagan Mohan Reddy would be granted bail or not. He was charged with disproportionate assets case since May 2012.
Reddy had moved to the Supreme Court after the Hyderabad High Court refused to accept his bail plea for the sixth time in a row on this January. The Supreme Court has accordingly asked the Central Bureau of Investigation (CBI) to file a response as to why Jagan Mohan should not be granted bail which had to be submitted by April 29th.
Earlier in October 2012 the CBI claimed that Jagan Mohan was involved in ‘very serious economic offenses which are unparalleled’. The CBI have also found his economic offenses to have spread around the globe including Mauritius and Luxembourg and assets worth Rs 365 crores.
CBI also states that while YSR was the Chief Minister of Andhra Pradesh, he used to pressurize the companies to invest in his son’s vast business empire. In return they got the clearances and licenses necessary.
According to Reddy’s Lawyer, the Union minister had suggested that if Mr. Reddy consents to join the Congress, the party his father (YSR) belonged to, he maybe be able to leave jail.
Mr. Reddy has repeatedly claimed that the reason for the CBI investigation against him is a punishment for leaving congress and making his own party the YSR Congress- which the Supreme Court judges have asked the CBI to explain.
The YSR Congress chief is currently in custody of Chanchalguda Central Prison in Hyderabad.
Legal News report By
Anisha Susan Baby
Intern at Biz and Legis