Case against Jagan politically motivated

Hyderabad, May 27, 2013: Describing
as politically motivated the case against YS Jagan Mohan Reddy, YSR Congress
has said that the legal provisions are being mishandled in this case.  

“The right of
opportunity to be heard was denied to Jagan in the case and there was a
disproportionate use of investigation agencies,” party senior leader DA
Somayajulu told reporters here on Sunday.  

Investigation
should be completed within 90 days after filing the FIR and charge sheet should
be filed failing which any person is eligible for bail. In this case even after
one year the investigation is not completed and five charge sheets were filed
against a single FIR which shows the process is shoddy, he said.  

The fairness
in the investigation process is hampered as Jagan Mohan Reddy was not given a
proper opportunity to be heard and we firmly believe that the case is
politically motivated and a larger conspiracy is at work, he said.  

It is the
Congress culture to deny bail to the political opponents as towering leaders
like Jai Prakash Naryana, Morarji Desai and others were jailed for over 18
months without trial and it shows the vindictive attitude of the ruling party.  

“It is no
different in this case and the intent is to carry out political vendetta on
Jagan. The investigation has been very slack and lopsided the statements of the
investigation agency carry no conviction,” he said.  

CBI has
complied the information about YS Jagan Mohan Reddy and his companies from his
Income Tax returns and data provided to Registrar of Companies (ROC) and included
them in the charge sheets and has no evidence or material of its own, he said.  

First it went
on the premise of a highly exaggerated figure of over Rs one lakh crores of
misappropriation in the case and a gave a false hype. As days passed and it could
not gather enough material to prove its charge, it has scaled down the Rs 43,
000 crores and came further down to Rs 1030 crores.  

The amount
specified is not the misappropriation but the value of transactions, which
shows the style of functioning of and base of argument of the CBI, he said.  

The first
three charge sheets reveal only government policy of YSR and land given in
backward areas to leading industrial units for profit(for the govt), while the
previous government has given prime land to companies at throwaway prices. The
contrast has never been reconciled, he said. 

The second
charge sheet deals with the shares issued at a premium which is an accepted
norm. The Rs 10 share being issued at a premium for Rs 350 has nothing illegal
in it. Eenadu group which has shown a consolidated loss of Rs 1,800 crores has
issued shares at a very high premium (Rs 100 share was sold at Rs 5,26,000 a
share) which did not attract any law enforcing agencies, he said.  

YSR, who is
no more, was named as conspirator in the case, though the Prime Minister and
other union ministers were shielded during the recent scams, he said.  

YS Jagan
Mohan Reddy completes one year in detention today and we strongly believe that
it is a deep  conspiracy that is in full play and the case against our
leader is politically motivated.  

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