Assets Case: Is CBI scared of arresting Jagan Mohan Reddy?

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Jagan Mohan Reddy
Hyderabad, Apr 3: Hypes over the impending arrest of the richest MP of India - Jagan Mohan Reddy from Andhra Pradesh is increasing day by day, but the investigative agency - Central Bureau of Investigation (CBI) has not taken any extreme step as such till now. Is CBI scared of arresting Jagan?

Despite filing its first charge-sheet against 13 people including the Kadapa MP over disproportionate assets case, CBI has not taken him (Jagan) into their custody, though the agency is expected to file their second charge-sheet on Tuesday, Apr 3.

However, Jagan continues his Odarpu Yatra (Consoling Yatra) in the West Godavari district and many started claiming that it might be a trick of Jagan to avoid his arrest. Many people fear that Jagan's arrest may trigger riots in the sensitive regions where Jagan believed to have built a strong hold.

YSR Congress Party led by Jagan recently won the by-poll elections. Jagan's party marked the victory with 73,876 votes in Kovvur where Congress and TDP managed to bag only 41,343 and 50,380 votes, respectively.

The investigative agency accused Jagan and twelve others of criminal conspiracy and cheating. Meanwhile, CBI officials informed that Jagan's arrest may lead to many more following him to the jail.

"If we begin arrests in the (Jagan) case, it would run into a big number,” a CBI investigator said. “We named 13 accused, including Jagan, in the first chargesheet. Once all chargesheets are filed the number of accused would be nearly 100," said a CBI official on Tuesday.

Some key facts of the DA case and involvement of Jagan Mohan Reddy in it:

Jagan had started his business venture by bagging a contract of Rs 25 crore for mini-hydroelectric projects in Andhra Pradesh, Karimnagar, Karnataka and Shimoga.

According to media reports, Jagan's wealth has drastically increased once his father YSR Reddy became the Chief Minister of Andhra Pradesh. In 2009, he declared assets worth Rs 77.40 crore.

In 2011, CBI found Jagan's Lotus Pond residence on 5,807 square yards of land in Hyderabad worth Rs 85 crore. It has been found that Jagan has bagged movable assets of Rs 50 crore and an immovable assets worth Rs 22 crore.

OneIndia News

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