HYDERABAD: With the Central Bureau of Investigation set to file an FIR against Jagan Mohan Reddy on Friday, the question on everybody’s lips here is whether the son of YS Rajasekhara Reddy will next get arrested. CBI officials were expectedly tightlipped on Thursday, but a source said cases will also be filed against companies and individuals who invested in Jagan-promoted enterprises as kickback for favourable land deals.
"Once the cases are filed, we’ll go the whole hog," said a CBI source, adding, "The case requires multi-disciplinary investigating teams to gather evidence." Another source said Jagan’s arrest cannot be ruled out because of concern that he may tamper with the evidence. CBI’s corporate wing will probe the alleged money laundering activity in raising investments for Jagati Publications, Indira Television, Janani Infrastructure, Carmel Asia and Sandoor Power.
The CBI will also probe charges of hawala transactions and income tax evasion against Jagan. The Enforcement Directorate (ED), too, is sending a team to work with CBI to unravel complex financial deals involving dozens of companies. The cases against Jagan will be under different sections of the Indian Penal Code, Prevention of Corruption Act and Prevention of Money Laundering Act (PMLA) as directed by the court.
"Once the cases are filed, we’ll go the whole hog," said a CBI source, adding, "The case requires multi-disciplinary investigating teams to gather evidence." Another source said Jagan’s arrest cannot be ruled out because of concern that he may tamper with the evidence. CBI’s corporate wing will probe the alleged money laundering activity in raising investments for Jagati Publications, Indira Television, Janani Infrastructure, Carmel Asia and Sandoor Power.
The CBI will also probe charges of hawala transactions and income tax evasion against Jagan. The Enforcement Directorate (ED), too, is sending a team to work with CBI to unravel complex financial deals involving dozens of companies. The cases against Jagan will be under different sections of the Indian Penal Code, Prevention of Corruption Act and Prevention of Money Laundering Act (PMLA) as directed by the court.
