In what will come as a massive relief to Jagan Mohan Reddy, the Delhi High Court ordered the CBI to allow his firm access to three company accounts so that he could pay the salaries of thousands of employees.
However in its ruling, the court said that Reddy would not be able to liquidate any of his assets and would only be allowed to issue cheques. The ruling overturns a decision by the special CBI court that earlier rejected Reddy’s petition.
Reddy who is under the CBI scanner in connection with a disproportionate assets case in Andhra Pradesh, had the accounts of three of his firms– Jagati Publication that runs Sakshi daily, Indira Television that operates Sakshi televisionand Janani Infrastructure – frozen, on the grounds that the firms received amounts as quid-pro-quo for favours doled out during YS Rajasekhara Reddy’s tenure as chief minister of the state.
Challenging the freezing of accounts, the three firms petitioned the CBI court that their operations would come to a standstill and no less than 20,000 persons or families, employed directly or indirectly, would be put to hardship if the freeze was not lifted. However the CBI court rejected the petition.
Meanwhile, Reddy has also written a letter to Prime Minister Manmohan Singh seeking his intervention to prevent an alleged conspiracy being hatched against him by Congress in collusion with Telugu Desam and CBI.
In the letter to the Prime Minister, the YSR Congress president alleged Andhra Pradesh Governor ESL Narasimhan too was being made party to the conspiracy aimed at arresting him.