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No Jagan for byelections, in jail till June 11

YSR Congress chief YS Jaganmohan Reddy was Monday remanded in judicial custody till June 11 in a disproportionate assets case, ruling him out of the campaigning for the crucial June 12 bypolls. HT reports Cong in a tizzy | Jagan Reddy arrested

Updated on: May 29, 2012, 01:23:30 IST
Hindustan Times | By , Hyderabad
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YSR Congress chief YS Jaganmohan Reddy was Monday remanded in judicial custody till June 11 in a disproportionate assets case, ruling him out of the campaigning for the crucial June 12 bypolls.

Eighteen assembly segments and a Lok Sabha seat are to go the polls on June 12. Reddy's jail stay could have a big impact not only on the fortunes of his party but also on Andhra politics, with the Telugu Desam Party expected to make gains.

The CBI, which arrested Reddy on Sunday after two days of questioning, sought his custody but the special court hearing the case rejected the plea.

Reddy amassed wealth misusing his father late CM YS Rajasekhara Reddy's position, the agency told the court. His companies got investments worth Rs. 1,200 crore and he Rs. 300 crore in bribes, it said. A part of the money was routed through hawala channels, the CBI said.

Mother Vijayalaxmi alleged that Congress president Sonia Gandhi orchestrated the arrest to prevent Reddy from campaigning in the byelections.

 
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