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High Court orders CBI probe into Chandrababu Naidu’s assets

The Andhra Pradesh High Court Monday ordered preliminary investigations by the Central Bureau of Investigation (CBI) and other agencies into the assets of former chief minister and Telugu Desam Party (TDP) supreme N. Chandrababu Naidu.

A division bench comprising acting Chief Justice Ghulam Mohammed and Justice N. Ramamohana Rao asked the CBI, Enforcement Directorate (ED) and Securities and Exchange Board of India (SEBI) to submit to the court reports within three months in sealed covers.

The court passed the orders on a writ petition filed by Y.S. Vijayalakshmi, the widow of late chief minister Y.S. Rajasekhara Reddy, seeking a probe into the alleged “illegal assets” of Naidu.

Vijayalakshmi, a legislator of YSR Congress party, alleged that Chandrababu Naidu, during his nine-year rule (1995-2004) amassed huge wealth by misusing power and defrauding the state ex-chequer.

The petitioner alleged that Naidu amassed wealth by misusing his power using media baron Ramoji Rao as a conduit.

While admitting the petition, the bench opined that the petitioner made out a case of misuse and abuse of power by Naidu.

The court directed the investigating agencies to take into consideration the material supplied by the petitioner that run into 2,000 papers.

The agencies were asked to submit reports within three months, after which the court would further consider the matter.

The court had ordered a similar probe by CBI against Vijayalakshmi’s son and YSR Congress president Y.S. Jaganmohan Reddy in July this year following petitions filed by TDP leaders and state minister P. Shankar Rao.

After the CBI submitted preliminary report in a sealed cover, the high court in August ordered full-fledged probe into the assets of Jaganmohan Reddy, MP from Kadapa.

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