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Press Trust Of India
Hyderabad, September 12, 2013
A special CBI court on Thursday posted the bail plea of jailed YSR Congress chief YS Jaganmohan Reddy for hearing on September 18 in a case related to alleged quid-pro-quo investments in his companies.
The court posted the matter for hearing next week after the CBI requested for more time to file its counter affidavit on Jagan's bail petition.

The court directed the central agency to file its counter before September 18 and adjourned the matter.

The Kadapa MP had  moved the special CBI court on Thursday seeking bail on the ground that the four-month deadline set by the Supreme Court for completion of investigation by the CBI into the case against him ended on September 9.

The central agency on September 10 filed three more charge sheets against the Kadapa MP and others. With this, eight charge sheets have been filed in the case till now.

Jaganmohan, arrested by the CBI on May 27 last year on charges of amassing disproportionate assets, has been lodged in Chanchalguda Central Prison in Hyderabad. He is in judicial remand till September 20.

CBI had earlier informed the court that it would file a final charge sheet within a few days.

In the bail plea, filed through his counsel, Jagan said that in view of the ongoing agitation in coastal Andhra and Rayalaseema regions regarding bifurcation of Andhra Pradesh, there was a need for him to be with the people and lead the stir as a leader of a political party.

The Supreme Court had on May 9 had rejected Jagan's bail plea and directed the CBI to complete investigation and file charge sheet within four months.

The 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.

Several corporate entities, bureaucrats, Jaganmohan's aides and former Congress ministers figure in the charge sheets filed till now.