Its My Love Story Gallery

Posted on 19 July 2011

Its My Love Story Gallery

Its My Love Story Gallery

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New Delhi: An Andhra Pradesh court has asked the Central Bureau of Investigation (CBI) to investigate the sizeable fortune of politician Jagan Mohan Reddy. Today, the MP asked the Supreme Court to over-rule that order.

In April this year, Jagan declared assets worth 365 crore rupees, making him one of the richest politicians in India.

Last week, the Andhra Pradesh High Court ordered a preliminary inquiry by the CBI into wealth accumulated by Jagan, whose father, YSR, was Chief Minister when he died in a helicopter crash in 2009.

The High Court asked the CBI to complete the inquiry in two weeks.

Following that order, the CBI has issued notice to 20 companies and individual investors who put money in Jagan’s companies like Jagathi Publications. Sources say 30 more notices are likely to be issued this week.

The CBI is also expected to seek the setting up of a multidisciplinary investigation team, similar to the one that looked into the Satyam case, for a full inquiry into all of Jagan’s assets spread over several states. Such an investigation would be conducted in coordination with the Enforcement Directorate, Income Tax department and the Registrar of Companies.

The Income Tax department had recently raised a fresh demand for payment of Rs.122 crore after a re-assessment for the financial year of 2008-09. Though Jagan contested the I-T claim, he did pay Rs 25 crore “under protest”.

Shankar Rao, a Congress leader and minister in the state government, has accused Jagan of “amassing public money” while his father was Chief Minister ; he said Jagan Mohan indulged in money laundering by floating fictitious firms and routing black money through some companies in Mauritius.

Its My Love Story Gallery

Its My Love Story Gallery

Its My Love Story Gallery

Its My Love Story Gallery
Its My Love Story Gallery
Its My Love Story Gallery
Its My Love Story Gallery
Its My Love Story Gallery

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