A special CBI court in Hyderabad on Wednesday remanded Vijay Sai Reddy, an accused in the alleged disproportionate assets case involving YSR Congress President YS Jaganmohan Reddy, in judicial custody till June 17.
The Supreme Court on May 9, had allowed CBI’s plea seeking cancellation of bail granted to Vijay Sai, a close aide of Jagan and also one of his alleged business partners, and directed him to surrender before the lower court on or before June 5.
Accordingly, Vijay Sai surrendered before the CBI court on Wednesday afternoon which sent him in judicial custody after which he was shifted to Chanchalguda jail.
The apex court on May 9 set aside the order of Andhra Pradesh High Court and the trial court granting bail to Vijay Sai, a founder Director of Jagati Publications and financial advisor for the group of companies of Jagan.
Jagati Publications runs Sakshi TV and Sakshi Telugu daily owned by Jagan.
Vijay Sai was arrested by the central agency on January 2, 2012 in connection with the case of alleged quid-pro-quo deals involving Jagan.
CBI had earlier alleged that Vijay Sai, facilitated the transfer of “illegal gratification” money through various companies into Jagati Publications and other business entities of the Kadapa MP (Jagan), son of former Andhra Pradesh Chief Minister late Y S Rajasekhara Reddy.
CBI in its chargesheets filed against Jagan, Vijay Sai and other accused charged them with hatching a conspiracy to defraud the government.
Vijay Sai, was granted bail by the lower court in April last year after which CBI had approached the High Court which had set aside the trial court’s order and had sent the matter back to the special judge to consider it afresh.
He however, was again granted bail by the lower court after which CBI had approached the High Court. The High Court in June last year had dismissed CBI’s plea seeking cancellation of bail, after which the central agency approached the apex court.
The apex court, set aside the order of AP High Court saying the special judge had “committed an error” in granting bail to Vijay Sai while the High Court “erroneously affirmed” the same.