CBI opposes bail to Jaganmohan Reddy

CBI opposes bail to Jaganmohan Reddy

DA case trail extends to foreign countries

Claiming that the trail of alleged disproportionate assets extended not only to different states but also several countries, the CBI on Tuesday moved the Supreme Court, strongly opposing any bail to YSR Congress chief Y S Jaganmohan Reddy.

In an affidavit submitted by senior counsel Ashok Bhan, the CBI alleged that Jagan had enriched himself to several thousands of crores rupees illegally by using the influence of his father and granting him bail at this juncture will erode public confidence in the administration of justice. “The respondent submits that the case against the petitioner A-1 (Jagan) and other accused has a large magnitude not only confined to the state of Andhra Pradesh but also extends to the states of Maharashtra, Karnataka, West Bengal, Delhi and several foreign countries. Therefore, the public perception in the rule of law and majesty of justice will suffer dilution. In the present case, the petitioner and other accused have impoverished the state exchequer with several thousand crores and the petitioner in particular has enriched himself to a large magnitude only through resorting to illegal and corrupt methods.

“In a short span of time, to be precise within a period of five years, the petitioner herein has enriched himself to several thousands of crores illegally and by subversion of the system,” the CBI claimed.

The agency had filed the affidavit in response to the apex court’s notice to the CBI last month on Jagan’s plea for bail in the DA case being probed by it and the Enforcement Directorate.  According to the CBI, Jagan had made several attempts to influence witnesses, has not cooperated with the investigative agencies, attempted to stifle investigation and prosecution by filing several petitions and initiating frivolous proceedings. “The respondent submits that the petitioner at this stage is not entitled to bail as the matter is still under investigation in some of the vital aspects which among others include, the hawala aspect under the Money Laundering Act for transferring foreign funds into the companies of the petitioner (A-1) and his family members.”