Temporary relief for Jagan
posted on Jul 19, 2013 @ 10:13AM
Jagan Mohan Reddy, who is passing through his bad times since last one year, for the first time had a small relief with a stay order given by the Appellate Authority (AA) against the ED Adjudicating Authority’s (ED-AA) permission for attaching Rs.51 crores worth assets of Jagathi Publications. The ED has attached the properties of Jagathi Publications in the last year. But, the AA has stayed it after a year long arguments by both parties. The stay order will remain effected until it gives next verdict on this matter.
However, Jagan Mohan Reddy is much worried about his bail than these ED cases. He is desperately looking for his bail as the general elections are fast approaching. He too knew that his absence in the election period will leave his beleaguered party behind the race. If his party fails to make a dent on in the next elections, it would be proved fatal for the party and further worsens his position. So, he and his family members are anxiously waiting to apply for his bail, after the four months grace period that has been granted to CBI by the Supreme Court for completing the investigation into his disproportionate assets cases, which ends in September this year.