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Jagan Mohan Reddy to Move SC Today
Publish Date:Aug 16, 2011
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YSR Congress president and Kadapa Lok Sabha member YS Jagan Mohan Reddy will move the Supreme Court on Tuesday against the High Court order which directed the CBI to investigate his wealth.
Speaking to mediapersons on Monday, he maintained that there were no irregularities in the investments made into his companies Jagati Publications or Bharati Cements. "All those who had invested made a lot of money. It was India Cements, Dalmia Cements, his friend Nimmagadda Prasad (Matrix Laboratories) and French cement biggie Vicat who had invested in Bharati Cements and made a lot of money in the bargain," he said, substantiating his argument that the investments made in his companies were not a gesture of thanksgiving to YS Rajasekhara Reddy by those who had received government land. "India Cements and Dalmia Cements had invested about 95 crore each and made upto Rs 150 crore each. Similarly, Prasad had invested Rs 265 crore and made Rs 550 crore."
Reddy said the direction given by the High Court for a CBI probe into his assets should be viewed as part of the Congress game plan to single him out and tarnish his image. "God is there. He will protect me," he said. Jagan said that after he had left the Congress, the party leaders had been trying to isolate him and tarnish his image.
http://www.teluguone.com/news/content/jagan-case-supreme-court-20-5470.html
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