New Delhi:
The inquiry being conducted by the Central Bureau of Investigation (CBI) into the assets of Andhra Pradesh MP Jagan Mohan Reddy would continue, the Supreme Court ruled today. The YSR Congress chief had filed a petition in the apex court challenging the CBI probe against him and his companies. Jagan Mohan quit the Congress late last year, and launched his own party - the YSR Congress - named after his father.
The CBI on Monday began scrutiny of documents seized during the searches last week. The agency searched the homes of Jagan and his family members, offices of his companies and also the firms which invested in his businesses. The searches were conducted in seven cities across the country.
The agency obtained 60 search warrants in different parts of the country. It secured 32 search warrants from a special CBI court in Hyderabad.
CBI officials are collecting information about Jagan, his companies and investors from the income tax and other government departments.
The Andhra Pradesh High Court directed the CBI probe on writ petitions filed by a state minister and some leaders of the Telugu Desam Party (TDP). The petitioners alleged that Jagan amassed huge wealth by misusing his position when his father YS Rajasekhara Reddy was chief minister from 2004 to 2009.
According to the FIR registered against 74 individuals and companies, companies that received favours from the then chief minister invested huge money into Jagan's businesses in a quid-pro-quo arrangement.