Relief for Jagan

Giving a relief to YSR Congress Party president YS Jagan Mohan Reddy, the Andhra Pradesh High Court on Wednesday directed the accounts his Sakshi Media to be defreezed.

However, the court said the Fixed Deposits held by the company will remain frozen.

The court, however, directed Reddy not to sell any asset owned by Sakshi while investigations by the Central Bureau of Investigation (CBI) goes on.

The court ordered that all payments involving the media house should be done by cheque.

The CBI is investigating the role of Jagan in a disproportionate assets case.

Three chargesheets in connection to the case have already been filed by the probe agency. Jagan has been named as the prime accused in the third chargesheet

The CBI had also asked the banks to freeze the accounts of three companies.

The Andhra Pradesh High Court ordered a CBI probe into Jagan’s wealth on Aug 11, 2011 after Congress leader P Shankar Rao filed a written petition in Nov 2010 seeking it, terming his property as “ill-gotten”