CBI teams on Thursday raided several places including the home of YSR Congress President Jaganmohan Reddy and the Andhra Pradesh Home Secretary in connection with the former 's disproportionate assets case. The Andhra Pradesh High Court had ordered investigation in this matter.
Thirty teams of officials has conducted searches on various offices of Jaganmohan, his associates, investors in his companies and government officials in Hyderabad, Bangalore, Chennai, Vishakapatnam, Kolkata, Rajkot and Mumbai.
In Hyderabad, CBI searched Jaganmohan's 60-bedroom Lotus Pond House in posh Banjari Hills, the residence of his sister Sharmila, the offices of Sakshi newspaper and TV channel, and the premises of some companies run by him as well as those that supposedly benefited duringthe chief ministeriship of Jagmohan's father, the late YS Rajasekhar Reddy.
The CBI also raided the residence of Home Secretary BP Acharya in connection with the Emaar case, in which state-owned Andhra Pradesh Industrial Infrastructure Corporation (APIIC) allegedly suffered a loss of more than Rs.1,000 crore. Acharya was Managing Director of APIIC when all major land allotments to companies including Dubai-based Emmar were done.
Emmar, which got land for developing a prestigious township, reduced APIIC's equity in the joint venture and roped in another company. When Acharya was contacted further, he refused to talk.
The Enforcement Directorate soon started investigation against Jaganmohan under the Prevention of Money Laundering Act.
News Reported by AR for News Vision, Latest Regional Newspaper
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