Illegal Assets Case: CBI Begins Questioning Jagan For Second Day

By : Subscribe to Manoj's | May 26, 2012 12:41 PM IST

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The Central Bureau of Investigation (CBI) officials have begun grilling YSR Congress party chief and Kadapa MP YS Jaganmohan Reddy for the second day on Saturday in the disproportionate assets case against him.

Jagan didn't show a sign of stress or pressure of facing possible arrest after getting grilled for nearly eight hours by the CBI at their headquarters in Hyderabad on Friday.

"It was cool and peaceful. Clarifications were sought, clarifications were given," said Jagan after he was done with his day one of the CBI inquiry over his illegal assets case.

According to TV reports, the CBI will be questioning Jagan on the Vadarevu and Nizampatnam Ports and Industrial Corridor (VANPIC) deal on the second day (Saturday) in the presence of industrialist Nimmagadda Prasad and senior official KV Brahamandna Reddy, who have already been arrested.

According to the sources, Prasad is one of the alleged beneficiaries of the then YS Rajasekhara Reddy government and also the promoter of controversial VANPIC project. Prasad has allegedly invested about Rs 8.5 billion (INR 850 crore) into Jagan's business, which is touted as kickbacks for land allotment granted to the VANPIC project by the YSR regime.

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Excise Minister Mopidevi Venkataramana has also been arrested for his alleged role in the VANPIC deal.

Earlier on Friday, a strong speculation of Jagan getting arrested by the CBI following the inquiry was doing rounds putting pressure on the Andhra Pradesh police department to beef up the security measures, in case his supporters take to violence.

Section 144 has been put in place across the state till May 29 restricting five or more people gathering on streets.

Jagan has reportedly said that he is being targeted by the ruling Congress, the Telugu Desam Party (TDP) and the CBI ahead of the by-elections in the state next month.

"I am being targeted by the ruling Congress, which has colluded with other political parties and the CBI to implicate me in false cases," Jagan told reporters.

He alleged the Congress and other opponent political parties have conspired against him to end his political career.

Jagan has been accused in a disproportionate assets case, in which he claims innocence. He is facing charges of conspiracy for favouring some companies along with his father, the then AP chief minister YS Rajasekhara Reddy.  The beneficiary companies, in turn, invested huge money into Jagan's business in a quid-pro-quo agreement.

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