Fresh cases slapped on Reddy, aides

CBI has also managed to get these cases transferred from the Principal Special Court for CBI cases to the CBI court for bank fraud cases. However, the Principal Special Court, which hitherto handled the cases, refused to grant police custody of the accused to the CBI in the first case and rejected the bail plea of the accused. Principal Special Judge Vijayalakshmi transferred the case based on a petition filed by CBI. 

Later, the CBI judge Venkataswamy extended the remand of Sekar Reddy, Prem Kumar and Srinivasulu for 15 more days in the new cases. CBI sources said that their fresh petition seeking police custody of the accused and would come up before the CBI court on Wednesday. The additional two cases against Sekhar Reddy and his associates were filed based on the seizure of Rs 8 crore and another Rs 1.63 crore from Sekar Reddy’s T Nagar residence. 

ACB collected the information regarding these seizure and registered cases against the accused in these two cases. CBI is awaiting the police custody of the accused to extract more information regarding the bulk exchange of demonetised currency notes and the involvement of bank officials and public servants.