Jaganmohan Reddy
YSR Congress Party President Jaganmohan ReddyWiki Commons

The Central Bureau of Investigation (CBI) officials have begun grilling YSR Congress Party chief and Kadapa MP Y S Jaganmohan Reddy for the third day in a row, on Sunday, in connection with the illegal assets case against him.

Jagan reached the CBI office along with his financial advisor Vijay Sai Reddy, who is also facing the charges in the case, amid tight security.

The CBI questioned Jagan for nearly eight hours on Friday and seven hours on Saturday amid speculations of his possible arrest.

Commenting on the CBI inquiry on Friday, Jagan said, "It was cool and peaceful. Clarifications were sought, clarifications were given."

According to TV reports, the CBI on Saturday questioned Jagan on the Vadarevu and Nizampatnam Ports and Industrial Corridor (VANPIC) deal in the presence of industrialist Nimmagadda Prasad and senior official KV Brahamandna Reddy, who are already arrested in relation to the illegal assets case.

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

Excise Minister Mopidevi Venkataramana is also under arrest for his alleged role in the VANPIC deal.

Earlier on the first day of CBI inquiry, a strong speculation of Jagan getting arrested by the CBI 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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