Jagan sighs with relief: HC defreezes Jagan's accounts

May 23, 2012 16:01

In a relief to Kadapa MP YS Jaganmohan Reddy, the Andhra Pradesh High Court today lifted the freeze on bank accounts of three firms -- Sakshi newspaper, TV channel and Janani Infra, owned by the YSR Congress chief. However, the court imposed certain conditions on maintenance of accounts saying that all transactions are to be through cheques and no property should be sold until the case is completed.

On May 8, the CBI, which is investigating source of funds and other aspects of Jagan's business empire, had written to different banks ordering the freezing of all accounts in the name of Jagathi Publications, which runs Sakshi newspaper,Indira TV, which operates Sakshi TV, and Janani Infra.

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