CBI questions Jagan Reddy for second day | india | Hindustan Times
Today in New Delhi, India
Jan 18, 2017-Wednesday
New Delhi
  • Humidity
  • Wind

CBI questions Jagan Reddy for second day

india Updated: Jun 04, 2012 12:19 IST

Highlight Story

For the second consecutive day on Monday, the Central Bureau of Investigation (CBI) questioned jailed YSR Congress Party leader YS Jaganmohan Reddy for alleged corruption.

The CBI, given the MP's custody for five days, took him from Chanchalguda Central Jail to its office at Koti, three kilometers away. The questioning took place in the presence of Jagan's lawyers.

Jagan was questioned for over six hours Sunday at the office of the director general of prisons near the jail.

There were some anxious moments for CBI officials as the convoy carrying Jagan got stuck for some time in the traffic at Nalgonda Cross Road.

The agency wants to know from Jagan the investments that flowed into his companies between 2004 and 2009 when his father YS Rajasekhara Reddy was the Andhra Pradesh chief minister.

The businessman politician allegedly got the investments as bribe for the favours doled out by the government to investors in the form of land, licenses and other concessions.

The CBI believes a part of the bribe money was sent abroad to what are known as "paper/briefcase companies" and routed back into Jagan's firms through hawala.

The funds were pumped in by some companies based in Luxembourg and Mauritius.

Jagan allegedly received investment of Rs. 1,234 crore in his cement, power and media companies.

Jagan was arrested by the CBI on May 27. The next day the CBI court sent him to judicial custody till June 11.