CBI Seizes Bank Accounts of Jagan Firms
posted on May 9, 2012 8:50AM
Touted as one of the biggest economic offence of the country, Jagan's Illegal Assets case took a new turn with CBI freezing the assets of the media houses of Jagan. Bank accounts of Sakshi TV and Paper are seized by the investigation agency.
According to law, accounts holding money earned through illegal means can be seized in a view to avoid utilizing the liquid further. Bank accounts of Jagathi Publications (Sakshi Paper) and Indira Television (Sakshi TV) are sub-zeroed by the investigation agency under CRPC section 102. With Jagan summoned to attend court on 28th May, CBI is making quick moves legally to tighten the noose around this tainted politician. Investigating agency has concentrated on Jagan's media houses mainly because most of the investments that are made through quid pro quo are invested here. However, there are chances for Jagan's companies to get a stay on this case easily in the name of thousands of employees that are dependent on this company.
While Sakshi insiders are crying hue that this is an iron hand on the freedom of press, law experts expressed that there is no wrong in the 'freeze' as the case is heading towards climax. One can expect some major developments in this case after the 'freeze' as CBI is close to a big thing that remained distant dream for them, we mean, Jagan's arrest!