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An amount of Rs 43,000 crore got diverted illegally into various companies belonging to Kadapa M P, Mr Y.S. Jaganmohan Reddy, according to the Central Bureau of Investigation.
The fund-diversion resulted in the loss of public money, the CBI said in a submission to the Andhra Pradesh High Court here on Wednesday in the illegal assets case of Mr Reddy, who is also President of the Y S R Congress Party.
The investigating agency was in the process of obtaining information from foreign countries through letters of rogatory on the investments of France-based companies in Bharathi Cements and other firms, it said.
CBI, which already filed three chargesheets in the case, will also be filing four more soon, the court was informed.
Meanwhile, the court adjourned hearing on Mr Reddy’s bail petition to Thursday.
Mr Reddy was arrested on May 27 after three days of questioning and is presently in judicial remand in Chanchalguda jail here.
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