CBI to tighten noose around Jagan’s neck
In an attempt to further tighten the noose around Kadapa MP Y S Jagan Mohan Reddy’s neck in the illegal assets case, the CBI has shot off letters rotatory to countries including British Virgin Island, Luxemburg, Singapore, Hong Kong, Mauritius and UK to furnish details about certain companies through which funds were routed into Jagan’s companies. These letters were sent with the signature of the CBI special court judge.
CBI has asked these countries to give particulars about the companies and individuals who have invested in Jagan’s companies as well as details about their bank accounts also. These companies are said to have purchased shares of Jagan’s companies at exorbitant rates, in return to the favours they have received from his father and the then Chief Minister Dr. Y S Rajasekhara Reddy.
CBI has also requested these countries to investigate if funds were first diverted to Mauritius and from there into India. CBI has requested the investigators in British Virgin Islands to record the statements of those involved in these irregular investments into Jagan’s companies.
In its letter to Mauritius, the CBI has requested for particulars including bank accounts in three International banks of two companies involved in the scam. CBI has urged Mauritius authorities to give information on whether these two companies had diverted illegal funds to the Sandur Power Company of Jagan. In its letter to UK, CBI has asked authorities to investigate into the transactions made from the UBS Bank of London.
If the particulars sought by CBI were furnished by authorities of these countries, CBI would be able to tighten the noose around Jagan’s neck further. If authorities of these countries do not cooperate, then CBI might be constrained to send its own investigation teams to these countries.