Hyderabad:
In a setback to Kadapa MP Y S Jagan Mohan Reddy, a special Central Bureau of Investigation (CBI) court today dismissed petitions filed by media companies owned and run by the YSR Congress chief seeking de-freezing of the company bank accounts.
Last week, the CBI froze bank accounts of three Jagan firms - Jagati Publication that runs Sakshi daily, Indira Television that operates Sakshi television and Janani Infrastructure - on the ground that the firms received amounts as quid-pro-quo for favours doled out during Y S Rajasekhara Reddy's tenure as chief minister of the state.
Challenging the freezing of accounts, the three firms petitioned the CBI court that their operations would come to a standstill and no less than 20,000 persons or families, employed directly or indirectly, would be put to hardship if the freeze was not lifted.
A counsel for Sakshi said they will approach the Andhra Pradesh High Court challenging the lower courts order.
Last week, the CBI froze bank accounts of three Jagan firms - Jagati Publication that runs Sakshi daily, Indira Television that operates Sakshi television and Janani Infrastructure - on the ground that the firms received amounts as quid-pro-quo for favours doled out during Y S Rajasekhara Reddy's tenure as chief minister of the state.
Challenging the freezing of accounts, the three firms petitioned the CBI court that their operations would come to a standstill and no less than 20,000 persons or families, employed directly or indirectly, would be put to hardship if the freeze was not lifted.
A counsel for Sakshi said they will approach the Andhra Pradesh High Court challenging the lower courts order.
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