New Delhi: The Supreme Court on Thursday dismissed bail plea of jailed YSR Congress Chief Jaganmohan Reddy in connection with the disproportionate assets case.

Dismissing the bail plea, the Apex Court said that Jagan's release would hamper the probe in the case which is of greater significance and likelihood of tampering with evidence and influencing witnesses can't be ruled out after his release.

“The Apex Court also cancelled the bail of Jaganmohan Reddy's auditor Vijay Sai Reddy and directed him to surrender by May 30,” CBI counsel Ashok Bhan told reporters outside the Supreme Court.

The court also rejected the bail plea of industrialist Nimmagadda Prasad, an accused in the case. It also directed the CBI to complete its investigations within four months and file the charge sheet.

Jagan Mohan, who was arrested on May 27, 2012 by the CBI in connection with a disproportionate assets case, is presently under judicial custody and is lodged at the Chanchalguda Central Prison in Hyderabad.


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