Did Sunil pay Emaar money to Jagan?Top Stories

March 06, 2012 10:52
Did Sunil pay Emaar money to Jagan?

CBI today told the special CBI court at Nampally in Hyderabad that Mr Sunil Reddy, accused in the APIIC-Emaar land scam, has not yet revealed the names of persons to whom he paid the illegal money he had collected in the Emaar scam.

Opposing the bail plea of Sunil reddy, CBI counsel Ravindranath told the special court the CBI has yet to find out whether he had given the amount to YS Jaganmohan reddy, president of the  YSR Congress party or to any other person.

Disclosing that Sunil Reddy is the right hand man of Jagan in all financial matters, CBI told the court he showed an income of Rs. 2 lakh in 2004. “But his income went up to Rs.99 lakh in 2011 and we have to find out how this happened,” counsel told the judge Naga Maruthi Sarma.

Opposing the bail tooth and nail, CBI said Sunil reddy collected huge amounts in Emaar scam and investigation has been going on to find out where the money went. The court deferred further hearing on the bail petition till March 16. (J)

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