SC REFUSES TO STAY CBI PROBE IN EMAAR CASE

New Delhi /Hyderabad, Sept.2 (NSS): The Supreme Court today rejected the plea by Emaar Properties
to stay the ongoing CBI investigations into its affairs in connection with the probe in the Jagan
disproportionate assets case.
After hearing the petition filed by the company, the Supreme Court refused to stay the CBI
prove and posted for further hearing to next week. The court also directed for serving notices to Dr. P.
Shankar Rao, Minister for Textiles and Handlooms, the CBI and others connected with the ongoing
investigations in the matter.
It might be mentioned here that the CBI had launched a massive investigation and also
conducted raids on various premises on the direction of the A.P. High Court following a petition filed
by Andhra Minister against Mr. Y. S. Rajasekhara Reddy and Emaar Properties for alleged
irregularities to amass wealth.
Meanwhile the Enforcement Directorate commenced its inquiry into the alleged violations in the
investments made into Jagati Publocations owned by the Kadapa MP. The CBI authorities handed over
to the Enforcement Directorate various documents and other evidences collected by them during the
raids in various offices and places belonging to the investors. After a thorough perusal and scrutiny and
perusal of the documents supplied by the CBI, the ED is expected to ascertain the extent of violations
committed by the investors.
In Hyderabad the CBI which is continuing its probe into the investments made into Jagati
Publications on Friday issued fresh notices to the Vice-Chairman of the firm Mr. Vijayasai Reddy.
Despite two days of public holidays in connection with the Ramadan and Ganesh festivals, the CBI
officials examined various records gathered by them and then issued the notice to Mr. Vijayasai Reddy
to appear before them for further questioning. (NSS).

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