YS Jagan kin got 50 crore in just 1 year: CBI

In a move to further link YSR Congress chief Jaganmohan Reddy to the Emaar scam, the CBI on Tuesday told the special court that Rs 50 crore had flowed into the firm of accused No. 2 N Sunil Reddy from different sources in 2009-10 alone. Opposing Sunil’s bail plea, the CBI identified the firm as M/s South End Projects while maintaining that he was Jagan’s close aide and his custody was required to establish the end recipient of the money .

The agency said it zeroed in on the firm with the help of a bank, which it declined to identify. It also revealed that Sunil’s annual income in 2004 was just Rs 2 lakh. CBI deputy legal advisor B Ravindranath said Sunil and Tummala Ranga Rao collected Rs 96 crore unofficially from buyers of villa plots and flats at the behest of another key accused Koneru Rajendra Prasad. “We came across South End in which Sunil Reddy is a director while trying to locate the end user,” he said.
When special judge B Nagamaruthi Sarma asked the CBI whether the agency had any evidence on Jagan’s role as he has not been named anywhere, the CBI counsel said that they could not get any information as the accused, including Sunil, have not revealed anything during their custodial interrogation. “If Sunil is really innocent, let him give us his consent for a narco test,” the CBI counsel said. In response, the judge observed: “If we get information only by torturing people and nothing through our investigation, then it raises questions about our ability to probe.”