STOCK MARKET BSE NSE

ED allowed to record Jagan’s statement

Published: 07th July 2012 12:01 PM  |   Last Updated: 07th July 2012 12:01 PM   |  A+A-

The special court for CBI cases on Friday gave permission to the Enforcement Directorate (ED) to record the statement of Y S Jagan Mohan Reddy, Kadapa MP and former chairman  of Jagati Publications, in relation to the sources of investment in his companies.

Principal special judge U Durga Prasad Rao gave permission to a team of five ED officers, led by its deputy director Rajeshwar Singh, to issue summons to Jagan Mohan Reddy in the Chanchalguda prison where he is judicial remand and record his statement from July 7-21 from 10 a.m to 5 p.m in the presence of the MP’s advocate. The court also asked the Chanchalguda prison superintendent to make the necessary arrangements.

The directorate, which has filed an enforcement case information report on Jagan’s illegal assets case, told the court that it wants to record the MP’s statement as a suspect but not as an accused.

The agency told court that it believes that a scheduled offence has been committed, and there was a need to ascertain the facts of the case.

The ED will record Jagan Mohan Reddy’s statement under the Prevention of Money Laundering Act and the Foreign Exchange Management Act. The agency suspects that money flowed from foreign countries into Jagathi Publications through hawala transactions. It is investigating the case with the aid of chargesheets filed by the CBI in the disproportionate assets case against Jagan.

The agency has recorded the statements of three other accused in the case: industrialist Nimagadda Prasad, IRAS officer K V Brahmamanda Reddy and IAS officer B P Acharya, who too are in detention at the Chanchalguda prison.

Though Jagan Mohan Reddy sought relief from the court stating that he is no more a director of Jagathi Publications, the court said the ED authorities would furnish the relevant records to him, if needed, in order to refresh his memory.

Stay up to date on all the latest Andhra Pradesh news with The New Indian Express App. Download now

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp