New Delhi/Hyderabad: After filing a charge sheet against Y S Jagan Mohan Reddy for alleged abuse of his official position, the CBI has sent a request to various countries seeking their assistance in probing alleged transfer of funds by the son of former Andhra Pradesh Chief Minister, a charge denied by him.

The letter of request, sent through diplomatic channel, alleged that between 2004 and 2009 when Y S Rajashekar Reddy was the Chief Minister, his son Jagan and his family allegedly defrauded the public exchequer by way of obtaining several favours from the state government in matters related to issuance of licences and permissions.

 Jagan and his family have also been charged in the letter with obtaining favours in matters related to allotment of lands for special economic zones and mining leases to companies which made huge investments in companies floated by younger Reddy at abnormally high rates of premium.

The Letters Rogatory sent under the signatures of the Special Judge of CBI in Hyderabad has requested the British Virgin Island to ascertain the details of the owners and authorised signatories of and bank account details of a firm incorporated in that country besides ascertaining whether funds from companies based in Mauritius had been routed to India through there.

It also requests for ascertaining the genuineness of the shareholders of the firm and their relationship if any with Y S Rajshekar Reddy or Y S Jagan Mohan Reddy, it said.
While forwarding the request under the "Assurance of Reciprocity" as no treaty of mutual legal assistance exists between the two countries of India and British Virgin Island, the CBI requested that the statement of witnesses may be recorded as per the requirement of law and procedure in vogue there.

The Letters Rogatory have also been sent to Luxembourg, Singapore, Hong Kong, Mauritius and the UK.

In Mauritius, the Letters Rogatory have sought details about two companies besides furnishing original or certified copies besides details of bank accounts with three international bankers to ascertain whether any funds were received or transferred into Sandur Power Company owned by Jagan Reddy.

Denying all the charges, Reddy in a statement said, "All the investments into my companies have been of sound commerce and have always been complying with the law of the land. The companies, which invested into my companies, have also invested into other blue chip companies in the country."

 "There has been no wrongdoing by Jagan Mohan Reddy. So there's nothing to be concerned about. We are sure he is going to come out clean in the end," a statement from the party said and accused the CBI of working overtime with a single-minded agenda to implicate the Kadapa MP in some case or the other.

The CBI, in a request to Financial Services Authority (FSA), has asked whether any probe was conducted into activities of UBS Bank London wherein the bank had allegedly floated subsidiary funds to divert money to their clients into India in the form of investments.

"Whether the FSA London has found out the beneficiaries of these funds and if so the names thereof, if the beneficiary are Indian Nationals," the request said. The statement of Jagan Reddy's party also said from the beginning it has been a wild goose chase for the CBI.

"The Congress has used CBI to settle political scores. The defiant Jagan Mohan Reddy has not succumbed to any such pressures and his party YSR Congress will continue to be a political force to reckon with," he said.

(JPN/Agencies)