YSRCP refutes charges against Jagan

Hyderabad : Stating that the case against the YSRCP chief YS Jaganmohan Reddy as politically motivated, the party here on Sunday, said that he was denied his due legal rights thanks to the disproportionate use of the investigation agencies.

Party senior leader DA Somayajulu said investigation should be completed within 90 days of filing the FIR and a charge sheet should be filed, failing which any person is eligible for bail. But in Jagan's case, even after one year the investigation has not been completed and five charge sheets have been filed based on a single FIR which shows the shoddy investigation process, he said.

Jagan was not given a proper opportunity to be heard as part of a larger conspiracy as the political parties feel threatened by his popularity, Somayajulu said. It is the Congress culture to deny bail to the political opponents as towering leaders like Jai Prakash Narayan, Morarji Desai and others were jailed for over 18 months without trial showing the vindictive attitude of the ruling party, he further added.

Somayajulu said CBI has not found any incriminating material against Jagan, instead it compiled information about Jagan and his companies from his Income Tax returns and data provided to Registrar of Companies (ROC) and included them in the charge sheets.

First it went on the premise of a highly exaggerated figure of over Rs one lakh crore of misappropriation in the case and gave a false hype. As days passed, unable to gather enough material to prove its charge, it scaled down the alleged scam amount to Rs 43, 000 crore and now brought down further to Rs 1,030 crore. Also the amount specified as misappropriation is nothing but value of transactions, this shows the style of functioning of the premier investigating agency and the bases 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 government), while the previous government has given prime land to companies at throwaway prices. The contrast has never been reconciled.