Vijay Sai Reddys arrest imminent?

ThrillLipsx

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posted on 13 years ago — updated on 1 second ago

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HYDERABAD: In what is being viewed as the hard evidence against Vijay Sai Reddy, finance director of Jagati Publications Private L..

HYDERABAD: In what is being viewed as the hard evidence against Vijay Sai Reddy, finance director of Jagati Publications Private Limited which runs Sakshi, a senior official of a reputed consulting firm has told the Central Bureau of Investigation that he was pressurised by the former to inflate the value of JPPL.
This, perhaps, is the first strong evidence the CBI has gathered against Vijay Sai Reddy, a confidant of YSRC chief YS Jaganmohan Reddy, in the illegal assets case. Sources said the senior director of the consulting firm appeared before the CBI on Wednesday and his statement was recorded.

In his statement, he stated that Vijay Sai Reddy had pressurised him to inflate the value of JPPL. Sources said the firm had valued Sakshi at Rs 3,050 crore, but Vijay Sai Reddy had 'pressurised' him to inflate the figure further.

The CBI has reportedly seized the hard disks which contain the correspondence. Two firms were engaged by the Jagan camp to evaluate JPPL, sources added.