The bail granted to Vijaya Sai Reddy, the second accused in Jagan’s assets case, has been cancelled by the High Court. Vijaya Sai Reddy was earlier granted bail by the Nampally CBI court on April 13 after the latter had spent 100 days in Chanchalguda jail.
CBI moved a motion in the High Court against the Nampally court decision almost immediately. After hearing the arguments on both sides, Justice Bhanu of the High Court opined that the lower court did not take all aspects of the case into consideration while granting bail.
The High Court, however, did not specify any time frame for Vijaya Sai Reddy to surrender before the court following the verdict. The court said that the CBI court should give another hearing to the bail petition.
Which means Sai Reddy probably need not surrender immediately till the CBI court considers the bail petition a second time and pronounce its decision on the bail.
Vijaya Sai Reddy was first arrested by CBI on January 2, 2012 in connection with his alleged role in the criminal conspiracy hatched by YSR Congress Party chief Jagan Mohan Reddy to defraud the government through quid pro quo.
