HC refuses relief to vice-chairman of Jagan's company

A local court today rejected a petition filed by V Vijay Sai Reddy, an accused in the alleged disproportionate assets case against Kadapa MP Y S Jaganmohan Reddy, seeking access to a laptop in prison.

Counsel for Vijay Sai Reddy, vice-chairman of Jagati Publications owned by Jagan, had argued that his client is a reputed charted accountant and provided financial advice to many organisations including Jagathi Publications.

However, the CBI, which is investigating the case, opposed his petition saying that they had no objection in him using a type writer and papers, instead of a laptop.
Vijay Sai Reddy was arrested on January 2 in connection with the case and is presently lodged in jail as an under- trial.

The CBI, in its FIR against Jaganmohan Reddy and 73 others including Vijay Sai, alleged that various investors who are beneficiaries of public properties, licences among others invested in the companies promoted by Jagan at very high premiums as a quid-pro-quo to the favours doled out by former Andhra Pradesh Chief Minister late Y S Rajasekhar Reddy under his son's (Jagan's) influence.