ED judgment to affect Jagan’s bail petition case
posted on Apr 13, 2013 8:19AM
ED court has given its nod for attaching Rs. 884 crores worth properties of OMC and Brahmani Steels owned by Gali Janardhan Reddy. The court opines that he has played over smart by creating two corporate companies to handle all his illegal mining activities. Hence the court gave permission to ED for attaching Rs. 884 crores worth properties of his both companies, in its judgment given on Friday.
Although, the ED Court’s verdict doesn’t affects Jagan Mohan Reddy’s illegal assets case, the interlink between the two cases due to his father late YS Rajashekar Reddy and his government officials involvement may impact on his bail petition filed in Supreme Court yesterday. CBI may evidently highlight the ED verdict and may raise objections on his bail. If, the court believes that there is an interlink between these two cases, which fall in same category Jagan Mohan Reddy’s bail likely to be rejected.