Illegal assets case: CBI searches premises of Jagan

 
Thursday, August 18, 2011: A day after it registered an FIR against YSR Congress chief Y S Jagan Mohan Reddy in the illegal assets case, the CBI on Thursday conducted searches at the premises of various companies which have invested in the businesses of the Kadapa MP in five cities.
The searches were carried out in Hyderabad and other places in Andhra Pradesh besides Bangalore, Chennai, Kolkata and Mumbai.
The searches were being carried out at some of the offices of the firms owned by Jagan, besides at the residence of the Kadapa MP and that of his relatives in posh Banjara Hills area here.
In another development, CBI searched the premises of AP Principal Secretary (Home) B P Acharya and also registered a case against Dubai-based Emaar properties and searched the premises of real estate developer Emaar-MGF in Hyderabad and Delhi.
It is a case of conspiracy between AP government officials and Emaar in the development of villas and apartments, the agency said.
The Andhra Pradesh High Court had on August 10 ordered a CBI inquiry into the land allotments made to Emaar by the then Rajasekhara Reddy Government and dilution of the stake of Andhra Pradesh Industrial Infrastructure Corporation (APIIC) in the joint venture with Emaar for the development of a township in the city.

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