CBI Assessing Jagan's Bungalow Value

The Central Bureau of Investigation continued the assessment of bungalow of YSR Congress president Jagan Mohan Reddy located in post Jubilee Hills area for the fourth consecutive day on Monday. The team conducted evaluation of Jagan's bungalow after collecting the building plan and other key documents from the Greater Hyderabad Municipal Corporation (GHMC).

"The process of evaluation of the building is yet to be completed," a Cbi official said. The central agency is probing into the investments allegedly made by various firms in the businesses of Jagan during the tenure of former chief minister YS Rajasekhara Reddy.

The teams also took measurements and collected other details pertaining to the residence of Sharmila, sister of Jagan, which is located in the same building compound near Lotus pond. However, the probing officials refused to elaborate saying that assessment of the building housing the residences of both Jagan and Sharmila is still underway.

Meanwhile, the Cbi said it had no objection to share the documents in its possession concerning the investigation into Jagan's assets. The Cbi was responding to a petition filed by the Income Tax Department in Bangalore seeking access to the documents the investigating agency had seized during its earlier searches.

Meanwhile, the representatives of the Hetero Drugs Pharma group appeared before the Cbi on Monday to depose in the case of quid pro quo deal of Jagan in exchange for the SEZ land given to them during the YSR regime. Several other women entrepreneurs representing various other institutions also appeared before the Cbi and deposed on the accusations made on the companies.

Sakshi Group Director Ramakrishna Reddy also appeared before the Cbi in the YS Jagan disproportionate assets case. The Cbi officials also visited the various banks where Jagan had opened accounts and scrutinized all the deals. Mines director Sushil Kumar also appeared before the Cbi in connection with the illegal mining case by the Gali Janardhan Reddy companies.