Hyderabad, Nov 28 (IANS) In yet another setback to YSR Congress Party leader Y.S. Jaganmohan Reddy, a special court here dismissed one of his two bail petitions in the alleged illegal assets case.
The CBI court adjourned the hearing on the other bail petition to Nov 30.
While dismissing the bail petition, Judge U. Durga Prsada Rao agreed with the Central Bureau of Investigation (CBI) that Jaganmohan Reddy could seek bail only after completion of the investigations in seven distinct offences.
The member of parliament (MP) had sought bail on the ground that the CBI had failed to file the charge sheet with regard to the seven distinct offences even after the stipulated 90−day period. He had cited the Supreme Court order of Oct 5.
Calling the bail petition "contemptuous in nature", CBI counsel had argued that it was not maintainable.
The investigating agency pointed out that the Supreme Court, while dismissing a bail petition of the accused, had observed that he could seek bail only after completion of the investigation in seven offences.
CBI counsel B. Ravindernath argued that the petitioner could not give a different interpretation of the apex court order.
He submitted that the CBI had filed four charge sheets in distinct offences and the investigation in seven other offences was in process. He told the court that the CBI would file a single charge sheet for the seven offences without any undue delay.
The court adjourned to Friday hearing on the second bail petition filed with regard to the charge sheets already filed by the CBI.
Jagan, as the MP from Kadapa is popularly known, was arrested by the CBI May 27 and is since lodged in Chanchalguda Central Jail here.
The CBI has charged that Jagan conspired with his father and then chief minister Y.S. Rajasekhara Reddy to favour some individuals and companies, which made quid pro quo investments in his businesses.