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Sakshi Group Challenges Freezing of Accounts
Publish Date:May 9, 2012
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A day after the Central Bureau of Investigation (CBI) froze its bank accounts, the Sakshi Group of companies owned by YSR Congress party leader Y.S. Jaganmohan Reddy Wednesday filed a petition challenging the investigating agency's move. Jagati Publications, which publishes Telugu daily Sakshi and Indira Television, which runs the 24-hour Telugu news channel Sakshi, urged the CBI court here to defreeze their bank accounts. The petition alleged that the CBI action had endangered the livelihood of 20,000 employees. The court directed the CBI to file a counter and adjourned the hearing to Thursday.
The CBI, which is probing the illegal assets of Jaganmohan Reddy, known as Jagan, has frozen the bank accounts of Jagat Publications, Indira Television and Janani Infrastructure Pvt. Ltd, all owned by the MP from Kadapa. All the three companies were named in the FIR registered by the CBI in August last year following a direction from Andhra Pradesh high court.
http://www.teluguone.com/news/content/-jagan-sakshi-group-20-13924.html
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