CBI filed another supplementary charge sheet in Jagan’s Disproportion of Assets. There are many mysterious things disclosed by CBI in this charge sheet. CBI comments that there is thick relationship between YSR Family and Vijaya Sai Reddy. One can wonder how a private auditor can become one of the Directors in nationalized bank (OBC).
Oriental Bank of Commerce played key role in sanctioning the loans to Jagan group of companies. As per CBI charge sheet, the then Chief Minister YSR had sent recommendation letter to Chidambaram for the post of Director in Oriental Bank of Commerce. YSR praised in his letter that Vijaya Sai has very good knowledge in banking sector; we have to recognize him for his services to Chidambaram. Central govt approved the YSR proposal and appointed Vijaya Sai as OBC director. CBI alleges that during his office Vijaya Sai OBC and it’s subsidiaries okayed 200 crores of loan amount to Jagan companies. During YSR regime it ‘self Vijaya Sai became trust member in TTD.
CBI applied leaves no stone unturned policy in Jagan’s Disproportionary Assets case. It tried to expose the thick relationship between A1 and A2 to tighten the grip.
