Andhra High Court Dismisses Jagan Reddy's Bail Plea

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The Andhra Pradesh High Court has dismissed the regular bail petition of YSR Congress chief Y S Jaganmohan Reddy in connection with an alleged disproportionate assets case involving him.

The AP High Court had on 24thDecember dismissed the statutory bail plea of Jagan.

The CBI had on 22nd January alleged before the AP High Court that it was unable to speed up the investigation into Jaganmohan Reddys case owing to the non-cooperation of the state government.

Jagan's counsel S Niranjan Reddy arguing for the bail had earlier complained that the investigation seemed to be never-ending and in the name of incomplete investigation the bail cannot be denied.

The CBI, however, contended that the bail petition was not maintainable in accordance with the apex court order, which had said that Jagan had the liberty to approach the trial court for bail after the filing of the final charge sheet.

On 28th November, a special CBI court had dismissed his statutory bail petition observing that "granting bail at this stage of pending investigation will not only impede the investigation, but also infringe the avowed purpose set out by the Supreme Court in its order".

His second bail plea was also dismissed subsequently on 4thDecember after which Jagan moved the High Court and filed two bail petitions.

VANPIC project's promoter (industrialist Nimmagadda Prasad) allegedly invested Rs 854 crore in the companies belonging to Jagan towards a largesse for which the then AP government, led by late YS Rajasekhara Reddy, doled out many favours in the form of awarding the project.

Jagan, who was arrested on 27th May this year by CBI on corruption charges, is presently under judicial remand and lodged at the Chanchalguda Central Prison in Hyderabad.

The central agency had submitted a progress report on the ongoing investigation into the alleged illegal assets of Kadapa MP to the Andhra Pradesh High Court on 4th January.

Justice B Seshasayana Reddy dismissed the bail plea on twin grounds, observing that bail petition is not maintainable nor the grant of bail is desirable to the accused who is facing serious charges of financial irregularities.

The Supreme Court had categorically stated that CBI should be enabled to conclude its investigation on seven counts and file a comprehensive charge sheet.

The CBI is not able to complete its investigation on account of variety of constraints including lack of alleged proper cooperation from the state government, the judge said. Cumulatively, it is not desirable to grant bail to the accused, the judge noted in his order and dismissed the bail petition.

Earlier on 5th October, the Supreme Court had dismissed Jagan's bail plea in the disproportionate assets case.

While dismissing Jagan's bail petition, the apex court had ordered that the petitioner was open to renew his bail before the trial court "on completion of the investigation by the CBI in the seven aspects."

The CBI had earlier told the Supreme Court that it would be filing a final charge sheet on seven aspects - Sandur Power, Bharati/Raghuram Cements, Dalmia Cements, India Cements, Kolkata-based suitcase companies that sent money into Jagan companies, Lepakshi knowledge hub project, Indu Projects etc.

The central agency has so far filed four charge sheets against Jagan and others in as many cases.

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