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The court noted that the investigation into his role has already been completed and that the agency has filed a chargesheet.

The court noted that some of the observations made in the bail order could potentially hinder the ongoing investigation into the case.

Granting the request, the ACB court has now paved the way for the SIT to issue warrants against 11 accused individuals in the case.

Mithun Reddy was shifted from Rajahmundry jail to the SIT office in Vijayawada for further interrogation on Saturday.

The ED registered an ECIR based on the AP SIT report, suspecting that Raj Kasireddy diverted around Rs 3,500 crore into firms across India.

The SIT also challenged the August 23 office memorandum of the ACB Court, which highlighted deficiencies in the chargesheet, and sought interim suspension of both rulings.