CBI arrests Jaganmohan Reddy in disproportionate assets case

HYDERABAD: YSR Congress president YS Jaganmohan Reddy was arrested by the Central Bureau of Investigation (CBI) in the disproportionate assets case on at 7:20pm on Sunday. The arrest was made on the third day of his questioning by the CBI.

The Andhra Pradesh high court had earlier rejected his anticipatory bail application, following which, speculation about his arrest was growing.

Earlier on Sunday, Jagan reached Dilkusha Guest House, the CBI camp office, at 10.30am. He was accompanied by Congress MP Sabbam Hari and Congress legislators Alla Nani and S Krishna Rao.

The CBI had questioned him for seven hours each on Friday and Saturday.

The CBI had been grilling Jagan as to how his wealth increased dramatically after his father YS Rajasekhara Reddy became chief minister in 2004. Jagan had officially declared that he owned assets of Rs 356 crore.

The investigating agency believes that Jagan conspired with his father to dole out favours to certain companies in return for the investments they made into his firms.