Hyderabad, Jan 24: The Andhra Pradesh High Court Thursday rejected YSR Congress Party leader Y.S. Jaganmohan Reddy’s bail petition in an illegal assets case.
The court, which had reserved its orders two days ago, said the petition was not maintainable in the light of directions given by the Supreme Court earlier.
Justice B. Seshasayana Reddy also refused to give any directions to the Central Bureau of Investigation (CBI) to fix any time-frame for completing the investigations, saying the court could not interfere in the matter.
The Kadapa MP’s lawyer had argued that he was entitled for bail as the CBI failed to complete the investigations and file the chargesheet in all seven aspects of the case despite directions by the Supreme Court.
The CBI counsel, however, told the court that the investigating agency needed more time to complete the investigations.
While dismissing Jagan’s bail plea in October, the Supreme Court had observed that the petitioner could renew his bail before the trial court on completion of the investigation by the CBI in seven aspects.
The high court on Dec 24 had dismissed the statutory bail petition of Jagan, as the YSR Congress chief is known. Earlier, the CBI court had dismissed both the statutory and regular bail petitions.
Jagan, who was arrested on May 27 by the CBI, is presently lodged at the Chanchalguda Central Prison in Hyderabad.
The central agency has so far filed four chargesheets against Jagan and others in as many cases.
The CBI has accused Jagan and his late father and then Andhra Pradesh chief minister Y.S. Rajasekhara Reddy of hatching a conspiracy to defraud the government. It accused Jagan of influencing his father in doling out certain favours to individuals and companies who made investments in his business on a quid-pro-quo basis.