<p>Jaganmohan Reddy, son of late Chief Minister of Andhra Pradesh Y S Rajasekhara Reddy, has moved the apex court challenging the August 10 order of the High Court, saying it was not a reasoned decision.<br /><br />In a major setback to the YSR Congress president and Kadapa MP, a local court in Andhra Pradesh permitted the CBI to search his offices and residence in Hyderabad and other places as part of its investigation into his wealth.<br /><br />CBI Joint Director V V Lakshminarayana on Wednesday filed the FIR copy against Jaganmohan Reddy in the local CBI designated court seeking permission for search and raid on his offices and residence at Hyderabad, Kadapa, Pulivendula and Bangalore.<br /><br />The permission came even as the Kadapa MP approached the Supreme Court to stall the full-fledged investigation by the CBI following the preliminary report submitted by it.<br /> CBI sources said a multi-disciplinary investigation team was being set up to probe the charges of money laundering by Jagan’s power and media enterprises.<br /><br />The CBI took up the probe against Jagan following a direction by the Andhra Pradesh High Court which took suo motu action on some petitions filed by a state Congress minister and another TDP functionary. Both alleged that Jaganmohan Reddy had used his father–former chief minister Y S Rajasekhar Reddy’s office to amass wealth.</p>.<p>Jaganmohan is one of India’s wealthiest politicians and in April this year, he declared assets worth Rs 365 crore in his election affidavit for the Kadapa by-elections. However, as Congress candidate in 2009 general elections for the same Kadapa parliamentary seat, Jagan had declared only Rs 46 crore as his asset base.<br /><br />On Independence Day Jaganmohan Reddy had accused the Congress of launching a witch-hunt against him since he resigned from the party. <br /><br />“I am facing Income Tax and CBI cases ever since I resigned from the Congress in November 2010,” he said. <br /><br />“When my dad was alive, why did not all these charges arise? Why is it, as long as I was in the Congress, these things did not surface?,” Jaganmohan asked.<br /></p>
<p>Jaganmohan Reddy, son of late Chief Minister of Andhra Pradesh Y S Rajasekhara Reddy, has moved the apex court challenging the August 10 order of the High Court, saying it was not a reasoned decision.<br /><br />In a major setback to the YSR Congress president and Kadapa MP, a local court in Andhra Pradesh permitted the CBI to search his offices and residence in Hyderabad and other places as part of its investigation into his wealth.<br /><br />CBI Joint Director V V Lakshminarayana on Wednesday filed the FIR copy against Jaganmohan Reddy in the local CBI designated court seeking permission for search and raid on his offices and residence at Hyderabad, Kadapa, Pulivendula and Bangalore.<br /><br />The permission came even as the Kadapa MP approached the Supreme Court to stall the full-fledged investigation by the CBI following the preliminary report submitted by it.<br /> CBI sources said a multi-disciplinary investigation team was being set up to probe the charges of money laundering by Jagan’s power and media enterprises.<br /><br />The CBI took up the probe against Jagan following a direction by the Andhra Pradesh High Court which took suo motu action on some petitions filed by a state Congress minister and another TDP functionary. Both alleged that Jaganmohan Reddy had used his father–former chief minister Y S Rajasekhar Reddy’s office to amass wealth.</p>.<p>Jaganmohan is one of India’s wealthiest politicians and in April this year, he declared assets worth Rs 365 crore in his election affidavit for the Kadapa by-elections. However, as Congress candidate in 2009 general elections for the same Kadapa parliamentary seat, Jagan had declared only Rs 46 crore as his asset base.<br /><br />On Independence Day Jaganmohan Reddy had accused the Congress of launching a witch-hunt against him since he resigned from the party. <br /><br />“I am facing Income Tax and CBI cases ever since I resigned from the Congress in November 2010,” he said. <br /><br />“When my dad was alive, why did not all these charges arise? Why is it, as long as I was in the Congress, these things did not surface?,” Jaganmohan asked.<br /></p>
