HYDERABAD: The High Court on Thursday reserved for Friday its orders on a petition filed by the CBI challenging the special CBI court’s order granting bail to V Vijay Sai Reddy, an accused in the Jagan Mohan Reddy illegal assets case.
The CBI’s counsel P Kesava Rao showed judge K C Bhanu a chart depicting the flow of foreign funds amounting to Rs 1246 crore into Jagati Publications owned by Jagan Mohan Reddy. The counsel argued that Vijay Sai Reddy played a key role in these investments, and if his bail were not cancelled now, he might tampering with evidence and intimidate witnesses. Vijay Sai’s counsel Sushil Kumar argued that his client had already spent 104 days in custody and was entitled to be freed on bail.
He also pointed out that the CBI had failed to present all its documents to the defendent. So the judge suggested that he file a memo in court to get these documents. However, the CBI’s counsel said it would not be possible for the agency to hand over all its information or documents to the defendent before completion of its investigation.