"There is no need to interfere with the order of the high court," said Justice Dalveer Bhandari. On Aug 10, the HC had ordered CBI to take action against Reddy after the state Handlooms and Textile Minister P Shankar Rao had filed a petition in the court. The petition said that Jagan's fortunes jumped from Rs 11 lakh in 2002 to Rs 42,000 crore by 2009 when the then chief minister YSR Reddy died.
The high court, in its order, directed CBI to take their probe into the case to its logical end. The high court set aside the arguments of Jagan's counsel that the petitioner has political vendetta against him and said the contention of the petitioner needs to be appreciated.
On July 22, the Supreme Court had refused to stay the high court's order for a preliminary CBI inquiry to ascertain if Jagan owns assets disproportionate to his income.