DA case: Jagan quizzed by CBI for third consecutive day

Kakinada Urban MLA Dwarampudi Chandrasekhara Reddy, Jagathi Publications Editorial Director S Ramakrishna Reddy, and Jagan's Financial Advisor V Vijay Sai Reddy (an accused in the DA case) also appeared before the central agency as part of the questioning.
DA case: Jagan quizzed by CBI for third consecutive day

CBI today questioned YSR Congress chief YSJaganmohan Reddy for the third consecutive day in connection with the allegeddisproportionate assets case against him.

Kakinada Urban MLA Dwarampudi Chandrasekhara Reddy, JagathiPublications Editorial Director S Ramakrishna Reddy, and Jagan's FinancialAdvisor V Vijay Sai Reddy (an accused in the DA case) also appeared before thecentral agency as part of the questioning.

After taking Jagan into custody from Chanchalguda jail here,a CBI team took him to its local office amidst heavy security, where he wasgrilled for over six hours about investments into Jagati Publications, IndiraTelevision and Janani Infrastructure Pvt Ltd--promoted and owned by Jagan.

Jagati Publications, Indira Television-run Sakshi, a Telugudaily and Sakshi TV.

It was learnt that Chandrasekhara Reddy, who was said to beone of the promoters of Janani, was quizzed with regard to the flow ofinvestments into Janani while Ramakrishna Reddy, (also a promoter of R R Globalwhich allegedly invested into Jagan-owned companies), was questioned on thesource of funds allegedly invested in Jagan's businesses.

Along with Vijay Sai Reddy, Chandrasekhara Reddy andRamakrishna Reddy were reportedly confronted with Jagan and the agencyquestioned them with documentary proof and statement of witnesses.

The Kadapa MP, who was arrested by the agency on May 27 inthe disproportionate assets case, is under judicial remand till June 11 andlodged at Chanchalguda jail. The AP High Court had last week given Jagan'scustody to CBI for five days till June 7.

CBI, which has so far filed three chargesheets in the case,has accused Jagan of getting investments of several crores of rupees from firmsinto his own businesses as part of quid-pro-quo when his father late Y SRajsekhara Reddy was chief minister of Andhra Pradesh.

According to the FIR filed by CBI in August last year, theJagan-owned Jagati Publications Pvt Ltd incorporated on June 14, 2006, and withan accummulated business loss of Rs 350 crore in four years could get a totalinvestment of Rs 1,246 crore.

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