YSR Congress chief Y S Jaganmohan Reddy has been granted bail in a disproportionate assets case, 16 months after he was arrested.
Jagan Reddy, who was arrested on 27th May last year by the Central Bureau of Investigation (CBI) on corruption charges, was under judicial remand and lodged at the Chanchalguda Central Prison in Hyderabad.
The CBI has accused Reddy of getting huge investments from various individuals and firms into his businesses as quid pro quo for the favours granted by the Andhra Pradesh Government that was headed by his father and former chief minister Y S Rajasekhara Reddy before his death in a helicopter crash in September 2009.
Earlier on May 9, the Supreme Court had said that Reddy can apply for bail after the final chargesheets are filed in the case.