Punch To Jagan: Vijaysai's Bail Cancelled!

After hearing the arguments of both sides for a couple of days, High Court has finally cancelled the bail issued to Vijayasai Reddy in connection with Jagan's illegal assets case.

Vijayasai Reddy, the A2 accused in Jagan's illegal assets case was granted a bail by the CBI Court a week ago on April 13th. High Court has agreed with CBI's counter petition that this tainted auditor can tamper the witnesses and other evidences against him, if he is outside. Earlier CBI court granted a bail on the grounds that he is kept in jail for more than 104 days and he alone was arrested leaving all other accused. CBI lawyers argued that the lower court granted bails on the grounds of merit, but they haven't identified the intensity of this case to nail this auditor.

However, Vijayasai's lawyers have still objections with High Court's ruling and it may take few hours to get the copy of final orders. Once orders are released, Vijayasai Reddy should surrender in jail a couple of days.

'Only Vijayasai Reddy Can Trouble Investigation'

The investigating agency of Jagan's illegal assets has prepared all guns to get back the released auditor into its custody again. They have shocked everyone including Court, with their answers regarding cancellation of Vijaysai Reddy's bail.

CBI has lodged its counter petition to cancel the bail of YS Jagan's financial advisor and auditor Vijayasai Reddy. He is the second accused (A2) in CBI's charge sheet in Jagan's illegal assets case. When the court questioned as to why they have nabbed only Vijaysai leaving all other accused in charge sheet, investigation agency responded firmly.

'Only Vijaysai alone has the capacity to cause hurdles to the course of investigation. We've enough evidences to support our argument', said CBI. Court has adjourned the proceedings to Wednesday, while CBI is fully confident that Vijayasai's bail will be cancelled soon.

Vijaysai Reddy's Book - 102 Days In Jail

The whole day he is busy giving interview to all channels about his life in jail. This tainted auditor took his time to answer all the questions of media interestingly and carefully.

With media making him a hero overnight after he got released on bail in Jagan's illegal assets case, Vijayasai Reddy is busy glimpsing on TVs. Auditor and financial advisor of Jagan, Vijayasai, spent 102 days in jail after getting nabbed by CBI before administered as accused no.2 in charge sheet. 'I've spent all these days reading books and journals as I got an opportunity to do so after a long time due to this break', he states. Reacting on a question about his jail stay, he stated that he can write a book about his experiences in Chanchalguda prison.

As usual, he rejected all the accusations made by CBI in the charge sheet by singing same old philosophy; law will do its work. However, he concluded that he will remain as a financial advisor and auditor to YS family irrespective of all these allegations. 'I'm associated with this family from the times of Raja Reddy and YS, and I'll continue this as I feel privileged to get associated with them'.

Jagan's Auditor Vijaysai Reddy Gets Bail

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.