B Nagamaruthi Sarma, the second CBI additional special judge, on Wednesday took up hearing in the bail plea of V Vijay Sai Reddy, accused number two in theJaganmohan Reddy illegal assets case.
The move follows an order from principal special judge A Pullaiah who sent the matter back to Sarma in tune with a high court order. Earlier, while cancelling the bail granted to Vijay Sai, high court sent back the application saying it wanted the trial court to hear the matter afresh and pass an order after duly recording the reasons for the same.
Appearing for the accused, senior counsel Sushil Kumar told the court that his client was entitled to bail after passage of 90 days of arrest.
He was arrested on January 2 of this year with the only charge against him being that he got the share price of Jagathi enhanced to Rs 350 per share, the counsel said.
There are more than 20 GOs issued by the state and a case is already pending in Supreme Court regarding the need to book at least six ministers and 14 IAS officers for their role in issuing these GOs, Sushil said. If that were to happen, the Kiran Kumar Reddy government is sure to collapse, he added.
Judge Sarma posted the case for hearing on Thursday.