SC rejects Jaganmohan Reddy's bail petition

The Supreme Court Wednesday dismissed the bail petition of YSR Congress president Y.S. Jaganmohan Reddy, popularly called Jagan, in a case of disproportionate assets. The apex court also cancelled the bail of Jaganmohan Reddy's auditor Vijay Sai Reddy and directed him to surrender by May 30, CBI counsel Ashok Bhan told reporters outside the Supreme Court. The court also rejected the bail plea of industrialist Nimmagadda Prasad, an accused in the case. The Supreme Court directed the CBI to complete its investigations in four months. Jagan, a Lok Sabha member from Kadapa, Andhra Pradesh, was arrested by the CBI on May 27 last year.