Jagan Facing Cheating And Conspiracy Cases!

 

The Central Bureau of Investigation, which is probing the alleged illegal assets case of YSR Congress party president Y S Jaganmohan Reddy, has charged him with cheating and resorting to criminal conspiracy.
The CBI, which declared Jagan as accused no. 1 in the case of illegal assets and alleged flow of illegal investments into his business empire, registered cases against him and 50 others under Sections 120-B (criminal conspiracy), 420 (cheating), 409 (criminal breach of trust) and 477A (falsification of accounts) of the Indian Penal Code, besides Section 13 of the Prevention of Corruption Act.
“The cases were filed following the allegations that the investors had invested in the companies owned and promoted by the MP at very high premiums in a quid pro quo for the favours doled out by the then Chief Minister of Andhra Pradesh,” a statement from the CBI said.
A CBI spokesperson Dharani Mishra said if necessary, the CBI would take Jagan into custody for interrogation. Indications are that it might happen anytime in the next few days.