Namapally CBI court on Monday granted bail to the YSR Congress President. Earlier the Supreme Court had rejected bail plea filed by Jagan. The apex court had asked the investigating agency -- Central Bureau of Investigation (CBI) to complete their probe within four months. The Supreme Court had asked Jagan to apply for bail once the CBI filed final chargesheet against him.
The investigating agency filed its final charge-sheet in recent past. Hence, the Kadapa MP filed for bail and his plea has been granted by the Namapally CBI court. However, the court has put some conditions before granting him bail.
Jagan has to pay a surety of Rs 2 lakh
The court asserted that Jagan could not leave Hyderabad, would respond to court summons and pay a surety of Rs 2 lakh. Jagan, a Lok Sabha member from Kadapa, Andhra Pradesh, was arrested by the CBI on May 27 in 2012.
The disproportionate case relates to alleged investments made by private firms and individual investors in Jagan's companies as a quid pro quo for government favours when his father, late YS Rajasekhara Reddy was Andhra Pradesh Chief Minister.