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ED to record Jaganmohan's statement from today

india Updated: Jul 13, 2012 08:57 IST
New Delhi

Enforcement Directorate will begin recording the statement of jailed YSR Congress chief Jaganmohan Reddy in the Andhra Pradesh capital from Friday.

A joint team of ED investigators from Delhi and Hyderabad will record Jagan's statement in connection with the case registered against him under the provisions of the Prevention of Money Laundering Act (PMLA).

A Hyderabad CBI special court had recently granted permission to the agency to question the Kadapa MP, who was arrested on May 27 in a disproportionate assets case, with regard to alleged suspect foreign fund flow into his firms.

The ED has been allowed to grill him till July 21.

Sources said the agency will question the MP on the basis of the CBI FIR and the earlier questioning done by ED of the officials of Jagan's firms.

The questioning and recording of statement is expected to be done from 10am to 5pm in the presence of the lawyers of Jagan.

ED has said in the court that it wants to examine him on charges of money-laundering as a representative of Jagathi Publications.

Jagan had filed a counter-affidavit in the CBI court stating that the company had appointed its secretary CPN Karthik to appear in all inquiries and legal proceedings and hence he be exempted from the questioning.

ED argued that Jagan's resignation from Jagathi Publications was immaterial as the agency suspected him of contravening provisions of the Prevention of Money Laundering Act.

The agency said it viewed him as a suspect and not an accused.

CBI's FIR which has been basis for ED's investigation alleged that Jagathi Publications, which publishes Telugu daily Sakshi, received investments from firms based abroad in return for favours doled out to them by Rajasekhara Reddy's government.

The ED had earlier questioned some of the accused, including industrialist Nimmagadda Prasad, former infrastructure special secretary KV Brahmananda Reddy and suspended IAS officer BP Acharya in Chanchalguda prison.

It would now confront Jagan with the statements of these people also, they said.

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