DA case: SC dismisses Jaganís bail plea

CBI gets 5 months time to complete investigation

GN Bureau | October 5, 2012



YSR Congress leader and Member of Parliament Y S Jaganmohan Reddy will have to be in jail for some more time with the Supreme Court on Friday dismissing his bail plea in the alleged multi-crore disproportionate assets case against him.

A bench of justices Aftab Alam and Ranjana Prakash Desai ruled that Jagan can apply for bail only after the CBI completes its investigation in all the seven other cases lodged against him with a time frame of five months say March 2013. Gopal Subramanian sought the court not to give such a long period for investigation by CBI.

The CBI papers also mention about Jagan Reddy and India Cements relationship in Andhra Pradesh where YSR was given large scale benefits for India Cements.

"The contours are much larger," the bench observed while refusing to entertain the persistent plea of senior counsel Gopal Subramaniam, who appeared for Jagan.

Responding to queries from the bench, the CBI said it would complete the investigation by March 31, 2013. However, it later told the bench that it would try to complete it expeditiously.

The apex court passed the order after additional solicitor general (ASG) Mohan Parasaran and senior counsel Ashok Bhan appearing for the CBI contended that Jagan cannot be granted bail as investigations were still underway in seven cases against him and letter rogatories have been issued to various countries as the cases have international ramifications.

Responding to queries from the bench, Parasaran said the total amount accumulated by Jagan and his associates, insofar as the four charge sheets have been filed, amounted to over Rs 3000 crore.

He submitted it would not be proper to release Jagan at this stage as the case "is a very serious economic offence. The accused is also known for his political prowess. Investigation is on."

"They are so influential that they can influence the witnesses even while being inside," the ASG said.

Parasaran's argument, however, was countered by Subramaniam who said bail was a statutory right and Jagan was entitled to the same as otherwise it would violate his right under article 21 of the Constitution.
 

Comments

 

Other News

Continuous rise in crime against women in UP: CAG report

The incidence of crime against women in Uttar Pradesh has been rising consistently during last five years, said a performance audit that covers the period from 2010-11 to 2014-15. “There has been 61 percent increase in incidence of crime against women between 2010-11 and 2014-15. The i

Key takeaways from the Indo-US military logistics agreement

India and the US have signed the Logistics Exchange Memorandum of Agreement (LEMOA), which establishes basic terms, conditions, and procedures for reciprocal provision of logistic support, supplies, and services between the armed forces of India and the United States. The agreement was signed by

Our relationship with water

The editors of Water: Growing Understanding, Emerging Perspectives faced a considerable challenge in selecting 29 articles that were published previously in the journal Economic and Political Weekly (EPW) on the theme of water. While they claim that “from being virtually absent from EPW till

In conversation with dancer Sudha Chandran

What inspires you? I take inspiration from my failures. When people tell me, ‘you can’t do this’, or ‘you’re not eligible to do this, or ‘it is not meant for you’, these things incite  me to prove myself. It’s better to have tr

GeM to soon be standard mode of procurement by government agencies

Commerce secretary Rita Teaotia said that Government E-Marketplace (GeM) has been developed within a short span of five months. She added that owing to the transparency, ease, efficiency and time-bound payment offered by GeM, it is the way forward and would very soon become the standard mode of procurement

All you need to know about a scramjet engine

 The Indian Space Research Organisation on Sunday tested two scramjet engines, attached to a rocket, from Satish Dhawan Space Centre, Sriharikota in Andhra Pradesh. ISRO called it an important milestone in its endeavour to design and develop advanced air breathing engines for future space transportati

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter