Vijaya Sai Reddy, arrested in Jagan’s case, has been granted bail by Nampally CBI court on Friday. He spent 100 days in Chanchalguda jail.
Sai Reddy was granted conditional bail by the court. He was asked to surrender his passport and provide two sureties of Rs 25,000 each.
He was 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.
Meanwhile, CBI filed a memo in the court with a plea to suspend the bail till April 16.
The 53-year-old Vijaya Sai Reddy is a close confidante of Jagan and also Jagati Publication Limited’s vice- chairman. Jagan’s wife Bharati is the chairperson.
Vijaya Sai Reddy was the first to be arrested in Jagan assets case being investigated by CBI on the orders of AP High Court.
CBI had arrested the top Jagan aide under Prevention of Corruption Act section 13, clause 4. The case is filed as 17/2011.
The other sections under which he was charged include section 120 (B), 409, 477 and 477 (A).
He was named the second accused in the chargesheet filed CBI recently. Jagan was the number one accused.
