A special court on Monday remanded YSR Congress Party leader YS Jaganmohan Reddy to judicial custody for 14 days in a disproportionate assets case.
This means Reddy will not be able to campaign for the crucial byelection on June 12.
Amidst unprecedented security, the CBI produced YSR Congress president and Kadapa MP YS Jaganmohan Reddy in the Nampally courts on Monday morning, charging him with looting public property.
The CBI had sought his custody for 14 days. YS Jagan is accused number one in the assets case. He was arrested on Sunday evening by the CBI after three days of questioning.
Senior CBI counsel Ashok Bhan alleged that YSR Congress chief Jaganmohan 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 the CBI probe. He has robbed public properties. Investments to the tune of Rs 1234 crore have been made in his (Jagan’s) companies and he himself got enriched by Rs 300 crore. There are certain traces and he did not cooperate on the same,” Bhan alleged.
“It is a white collar crime committed by 74 accused, including Jagan, and so far charge sheets have been filed against 24 accused. All the accused in custody (industrialist N Prasad, senior bureaucrat K V Brahmananda Reddy) have revealed certain glaring facts about the case and we have to confront Jagan on the information provided,” Ashok Bhan appearing for the CBI told principal special judge A Pullaiah. The CBI was responding to the YSR Congress chief’s charge on the morning of his arrest to a private news channel that he was a victim of the investigative agency which continued to question him on the same issues despite him giving the replies and cooperating with them.