I-T Dept seeks documents for Jagan probe from CBI

Hyderabad: The Income Tax department today approached a local court seeking copies of the documents seized by CBI during the probe of the corruption allegations against MP Y S Jaganmohan Reddy and the alleged irregularities in the Emaar Properties land deal. IT officials have filed two applications before the special CBI court in Hyderbad, seeking directions to the central investigating agency to provide information on the seized material, so that the Department could `frame’ pending assessment of Jagan, of some companies owned by him, and the Emaar Hill Township Pvt Ltd. [caption id=“attachment_119985” align=“alignleft” width=“380” caption=“The CBI, which has been probing investments by various firms into Jagan’s businesses, alleges in its FIR that he conspired with his father and others to “cheat the government of Andhra Pradesh.” Reuters”]  [/caption] IT Department says it has to complete the assessment by 31 December, within the statutory period of limitation under the Income Tax Act. The court posted the matter for hearing to 2 November. A similar application filed earlier by Bangalore IT officials, seeking information found by CBI in the raids regarding Jaganmohan Reddy’s cases, would be heard on the same day. The Income Tax officials had first approached the CBI for information and documents, but latter asked them to seek court’s permission. In August this year, CBI registered a case against Jagan —the son of former Andhra Pradesh Chief Minister late Y S Rajasekhara Reddy — on the instructions of High Court for cheating, criminal conspiracy, criminal breach of trust and offences under Prevention of Corruption Act. The CBI, which has been probing investments by various firms into Jagan’s businesses, alleges in its FIR that he conspired with his father and others to “cheat the government of Andhra Pradesh in the matter of granting certain favours to many companies”. The CBI has also registered a case in connection with the alleged irregularities in APIIC-Emaar Properties land deal against B P Acharya, a senior IAS officer and former Chairman and Managing Director of Andhra Pradesh Industrial Infrastructure Corporation, and Emaar Group on the direction of the High Court. According to CBI, Acharya, currently Principal Secretary (Home), entered into a criminal conspiracy with officials of Emaar Group and unknown public servants to cheat APIIC. One of the allegations is that Emaar sold plots at Gachibowli here at below-the-market prices, without the knowledge of APIIC, causing the corporation a loss. PTI