Jagan's Auditor Vijaysai Reddy Gets Bail - TeluguNow.com
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Jagan's Auditor Vijaysai Reddy Gets Bail

Written By CineGlamour on Friday, April 13, 2012 | 10:10 pm

Finally, Jagan's auditor Vijaysai Reddy is granted a conditional bail in the illegal assets case. He is the second accused in Jagan's illegal assets case

CBI accused earlier that Vijaysai played a key role in pulling illegal investments into Jagan's companies including Jagathi Publications. The chargesheet lodged by CBI states that he facilitated those investors to bag government lands at reduced costs by this Quid pro quo. On Jan 2nd, Vijaysai was arrested by the investigation agency and his lawyers are fighting for bail from then. His lawyers argued and convinced court that charge sheet was lodged anyways and there is no threat in releasing him on bail. The conditions of bail include Vijayasai to submit his passport in the court and he should not cross the boundaries of Hyderabad at any cost.

However, CBI filed a counter petition in court to extend the custody of Vijaysai till 16th April. Earlier, officers like BP Acharya, Rajgopal and Srilakshmi too got bail from Nampally court in this manner which in turn was cancelled by High Court in no time.
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