CBI has made following charges against Jagan in 5 Sections and arrest Jagan Mohan Reddy

YSR Congress Chief Jagan Mohan Reddy Arrested under prevention of corruption act Sunday –YSR Congress Chief Jagan Mohan Reddy was arrested by the Central Bureau of Investigation (CBI)

The YSR Congress chief was taken into custo

dy between 7 pm to 7.20 PM in the disproportionate assets case.

Jagan is accused of conspiring with his father to dole out favors to companies which invested in his businesses in a quid pro quo arrangement.

The disproportionate assets case pertains to the Vadarevu and Nizampatnam Ports and Industrial Corridor (VANPIC) deal.

Industrialist Nimmagadda Prasad was the promoter in the VANPIC deal and allegedly invested Rs 850 Crore in the business of Jagan for land allotment made to the VANPIC project by the then YSR regime on quid-pro-quo basis.

Jagan declared movable and immovable assets of Rs 365 Crore while filing his nomination for the May 8 by-election to Kadapa Lok Sabha seat.

IBN reported that CBI has made following charges against Jagan.

1. Section 120b - Criminal conspiracy

2.Section 420 - Cheating

3.Section 477a - Forgery of documents

4.Section 409 - Criminal breach of trust

5. Section 13(1)d, 13(2) r/w 477 - Prevention of Corruption Act

After the arrest of Jagan YSR Congress Party called for a shutdown in Andhra Pradesh Monday to protest the arrest of its leader Y.S. Jaganmohan Reddy in the disproportionate assets case.