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Hyderabad, Jan 10 (IANS) A city court Tuesday extended the CBI custody of Vijay Sai Reddy till Jan 17 in a case involving alleged illegal assets of YSR Congress party leader Y.S. Jaganmohan Reddy. A special court dealing with economic offences extended the custody of Vijay Sai Reddy on Central Bureau of Investigation's (CBI) plea. The investigating agency presented him before the economic offences court as the judge of the special CBI court was on leave. The CBI court Jan 4 remanded Vijay Sai Reddy, the vice-president of Jagati Publications Pvt. Ltd., owned by Jaganmohan Reddy, popularly known as Jagan, to CBI custody till Jan 9. The CBI sought extension of the custody on the ground that it needed to gather more information from him, especially with regard to the foreign funds routed to Jagan's companies. The CBI argued that as auditor of Jagan's companies Vijay Sai Reddy played a key role in mobilising investments both within the country and from abroad. The federal agency, which questioned the accused for five days, also alleged that he did not open his mouth for three days and provided some information during the last two days. The CBI said it also wanted to gather information from him about the other accused in the case. It informed the court that after Vijay Sai Reddy's arrest some witnesses came forward to record their statements. The court asked the CBI to send back Vijay Sai Reddy to Chanchalguda Central Jail at the end of the questioning every day. Vijay Sai Reddy, who was arrested Jan 2, was sent to judicial custody till Jan 17. He is the first accused to be arrested. The CBI had taken up investigations into the case in August last year following a direction by the high court on the petitions of a state minister and some leaders of opposition Telugu Desam Party. The CBI has registered a case against Jagan for conspiring with his father and then chief minister Rajasekhara Reddy to roll out public assets in the form of mining licenses, special economic zones, ports, real estate permissions to unscrupulous investors who pumped in money into his companies on a quid-pro-quo basis.
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