CBI arrests two in YS Jaganmohan Reddy's DA case

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YS Jaganmohan Reddy
Hyderabad, May 16: The CBI has arrested KV Brahmananda Reddy, Former special secretary, Andhra Pradesh government and Nimmagadda Prasad, industrialist on Wednesday in the illegal disproportionate assets case allegedly involving YSR Congress leader and Kadapa MP YS Jaganmohan Reddy.

According to CBI sources, Brahmananda Reddy, who works as an Indian Railways Accounts Service officer in Kolkata, was called by the agency and then arrested. He was grilled over his alleged role in helping Jagan amassing wealth disproportionate to his known sources of income, said reports.

Nimmagadda Prasad is accused of investing Rs 244 crore in Jagan's Bharati Cements, Rs 200 crore in Carmel Asia and Rs 100 crore in Jagati Publications. He has been charged under sections 120B, 409, 420 and 477A.

Jagan's father late YS Rajasekhara Reddy's government has also been accused of granting 15,000 acres of land in Guntur and Prakasam to Prasad's company for the development of Industrial Corridor and Vadarevu Nizampatnam Port during its tenure in the state.

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