New Delhi/Hyderabad: YSR Congress president YS Jaganmohan Reddy will remain behind bars as the Supreme Court yesterday dismissed his bail plea in an illegal assets case, saying his release could hamper the probe into the economic crime.
“Economic offences constitute a class apart and need to be visited with a different approach in the matter of bail,” the court said, and directed the Central Bureau of Investigation (CBI) to complete its investigations in the case in four months.
A division bench of Justice P Sathasivam and Justice MY Eqbal cancelled the bail of Jaganmohan Reddy’s auditor Vijay Sai Reddy and directed him to surrender by June 5. The judges also rejected the bail plea of accused industrialist Nimmagadda Prasad.
“We feel that at this stage, the release of the appellant (Jaganmohan) would hamper the investigation as it may influence the witnesses and tamper with the material evidence,” the court said.
IANS
