New Delhi, India: July 22, 2011 – IR Summary/IBN - YS Jagan Mohan Reddy is disappointed today, received a set back when Supreme Court of India refused to grant any stay here today against an investigation by the Central Bureau of Investigation (CBI) into his assets.
Jagan’s plea was rejected by two-judge bench of justices Dalveer Bhandari and Deepak Verma who refused to interfere against Allahabad High Court’s order, which directed the CBI to conduct a preliminary inquiry for possessing an alleged disproportionate wealth and to submit a report.
To challenge the court order of July 12th, Jagan Mohan Reddy, son of late Chief Minister YS Rajasekhar Reddy, had approached the apex court on the ground of its being illegal, erroneous and unsustainable, but the Supreme Court refused to interfere and refused to grant any relief to him. Court order arguing it was “illegal” “erroneous” and “unsustainable” and deserves to be quashed.
Jagan also contended the High Court did not have the jurisdiction to order a preliminary CBI probe on a “politically motivated” petition.
He has sought quashing of the High Court order which directed CBI to submit its report in two weeks.
The High Court had passed the order on the petition filed by Andhra Pradesh textiles minister P Shankar Rao accusing Jagan of amassing huge wealth using his late father’s position as the chief minister.
The High Court had said it will decide on the issue of a full-fledged inquiry based after the preliminary report from CBI. More
