The Prinicipal Special CBI Court at Nampally today remanded noted Industrialist Nimmagadda Prasad and senior bureaucrat K V Brahmananda Reddy to judicial custody till May 30 in connection with the disproportionate assets case of YSR Congress Party President Y S Jagan Mohan Reddy. Mr Prasad, promoter of Vanpic Infrastructure Limited and Mr Reddy were arrested by the CBI last night. Judge A Pullaiah gave these directions when they were produced in the court by the investigating officials.
Later, both were shifted to the Chanchalguda Central Jail under tight police security.
Meanwhile, the CBI sought a 15-day custody of Nimmagadda Prasad and Brahmananda Reddy.
However, the court, after hearing the arguments of the CBI counsel, postponed the petition for the next hearing till tomorrow.
Prasad was named as the 12th accused among 74 in the First Information Report filed by the CBI in August last year against Y S Jaganmohan Reddy and others.