Is Jagan a Suspect or an Accused?
Posted by Admin on Wednesday, 4 July 2012 | 0 comments
ED filed a petition in CBI court few days back seeking the custody of Jagan to question him over the hawala transactions and the funds flown into Jagathi Publications violating the Foreign Exchange Management Act (FEMA) and PMLA (Prevention of Money Laundering Act) laws. Jagan's counsel filed a counter petition stating that his client had resigned as diretor and chairman of Jagathi Publications on February 1, 2011 itself, and so there is no need of granting his custody to ED.
The ED, however, made it clear that it wanted to record Jagan's statement as the then chairman and director of Jagathi Publications. It also reported to the court that an offense had been committed by the MP and the facts need to be brought out. The next hearing of the case was posted to July 6th.
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