An FIR against Jagan and 74 others has been filed in the case by the CBI.
Jaganmohan Reddy "sent (bribe amount) abroad and got it reinvested in his business through hawala racket," alleged Ashok Bhan, Senior CBI counsel.
"Jagan can no longer masquerade as a victim of the CBI probe. He has robbed public properties. Investments to the tune of Rs 1234 crore have been made in his (Jagan's) companies and he himself got enriched by Rs 300 crore. There are certain traces and he did not cooperate on the same," Bhan alleged.
"It is a white collar crime committed by 74 accused, including Jagan, and so far charge sheets have been filed against 24 accused. All the accused in custody (industrialist N Prasad, senior bureaucrat KV Brahmananda Reddy) have revealed certain glaring facts about the case and we have to confront Jagan on the information provided," said Ashok Bhan.
Jagan's arrest comes three days after he was grilled by the CBI sleuths.