A week after the Andhra Pradesh High Court ordered a full-fledged inquiry into the financial misdeeds alleged to have been committed by Kadapa MP YS Jagan Mohan Reddy and the alleged fraud played on the state-owned Andhra Pradesh Industrial Infrastructure Corporation (APIIC) by the Dubai-based Emaar group, the Central Bureau of Investigation (CBI) reportedly filed FIRs in the two cases on Wednesday.
However, CBI joint director Laxminarayana remained non-committal all through the day on whether the investigative agency had registered cases against them. “We will let you know if there is something,” he told reporters even after spending two-long hours in the CBI special court here. Earlier in the day, he held a meeting with the CBI officials who flew down from Bangalore, Chennai and other places reportedly to chalk out the next course of action, that is search, seizures and possible arrests in the two cases.
The CBI also declined to confirm whether it had sought search and seizure orders from the special court. Media reports also suggested that searches and arrests may follow anytime now.
Dozens of companies have been named in a quid pro quo arrangement behind their making investments into Jagan’s companies. The role of several ‘known and unknown’ public servants have been mentioned by the AP High Court in the Emaar-APIIC joint venture integrated township project where the Dubai company is alleged to have unilaterally taken certain decisions causing a huge loss to the state exchequer.
The high court had directed the CBI to book cases against Jagan and Emaar under various sections of the IPC, Prevention of Corruption Act and Prevention of Money Laundering Act.