Jagan Case: Money Routed Through Ghost Companies

The CBI sleuths from Delhi, Kolkata and Mumbai have informed the CBI special court here that they could not find any one in the specified addresses of several companies in their respective cities that were shown as investors in Jagathi publications and other companies of Y S Jaganmohan Reddy. Several companies, though not seemingly sound, had invested crores of rupees in the Jagan companies.

The Hyderabad zonal authorities of the CBI, who are heading the probe in the Jagan assets case, gave authorization to the CBI sleuths elsewhere to verify and inform the status of the companies based at Kolkata, Rajkot, Mumbai, Noida, Gurgaon etc under the relevant provisions of the CrPC.
These authoroities reportedly told the CBI special court at Hyderabad that the companies at Kolkata Artillegence Bio Innovations Ltd, Howrah, Delton Exim Pvt Ltd, Kirti Electro systems, Howrah, Moon Enterprisies Ltd of Mumbai and Stocknet International Ltd of Howrah. Ispat Sheets company of Delhi and several companies surrounding Delhi, Noida and Gurgaon were found to be floated only for the purpose of investing in Jagan companies.