New Delhi: The Supreme Court has dismissed YS Jagan Mohan Reddy’s petition for a stay on CBI investigation into his assets.

A bench of Justice Dalveer Bhandari and Justice Deepak Verma said, "There is no need to interfere with the order of the Andhra High Court."

The Andhra Pradesh High Court had ordered a CBI inquiry into Jagan’s disproportionate assets case, following which the CBI had registered a money laundering case against the MP along with conducting raids on his companies and firms that have helped him to earn crores.

The Apex Court had said at this stage no interference was required into the High Court's order as it was only a preliminary inquiry and the High Court can refuse to proceed against him if nothing substantial comes out against him in the probe.

Prior to this, senior advocates Ram Jethmalani and Mukul Rohtagi who were representing Jagan had argued that the High Court’s order was affecting the profits of their client. They added that a copy of preliminary report of CBI’s investigation was also not given to them.

Meanwhile, the CBI after questioning a top bureaucrat had also quizzed 12 others who are allegedly involved in the amassment of money by late former Chief Minister YSR Reddy’s son Jagan.

Jagan has moved the Supreme Court challenging the Andhra Pradesh High Court's order directing CBI to have a thorough inquiry against him for his alleged disproportionate assets.

(JPN/ Bureau)