Jagan Reddy
The nine complaints were filed before the Special Court for CBI Cases at Nampally in Hyderabad between 2016 and 2021.
pending discharge petitions have kept the cases at the preliminary stage, the ED said Although the court took cognisance of all nine complaints. HYDERABAD: With nine money laundering prosecution complaints against YS Jagan Mohan Reddy and others still at the discharge petition stage, the Enforcement Directorate (ED) has approached the Telangana High Court seeking speedy, day-to-day hearings and the personal appearance of all accused.
The case concerns allegations that corporates and individuals received government favours during the chief ministership of Jagan’s father, the late YS Rajasekhar Reddy, in return for investments in companies linked to Jagan and his family.
Invoking the right to a speedy trial under Article 21 of the Constitution, the ED argued that the chronology of the cases demonstrated a lack of reasonable expedition. 730 of 2013, YS Jagan Mohan Reddy vs CBI . The discharge petitions were heard but remained undecided because of transfers of presiding officers and other reasons, according to the agency. Because of their implications for the country’s economy and financial health, the court had observed that economic offences involving deep-rooted conspiracies and substantial losses to public funds required a different approach.
It maintained that the proceedings had made no significant progress despite several years having passed since cognisance was taken. It sought day-to-day hearings in the interest of justice. The agency also cited the Supreme Court’s observations in Criminal Appeal No.
The money laundering investigation originated from a CBI FIR registered on the directions of the Andhra Pradesh High Court against Jagan and 73 others. The FIR invoked Sections 120-B and 420 of the Indian Penal Code (IPC), along with Sections 13(2) and 13(1)(c) and (d) of the Prevention of Corruption Act, 1988.