The CBI special court at Nampally, on Wednesday, remanded noted industrialist Nimmagadda Prasad (also the promoter of VANPIC) and senior bureaucrat K V Brahmananda Reddy, to judicial custody till 30 May. They were arrested on Tuesday in connection with the illegal assets case against YSR Congress president Jaganmohan Reddy.
The special court gave these directions when they were produced in the court. Later, both were shifted to the Chanchalguda Central Jail, under tight police security.
Meanwhile, the CBI sought a 15-day custody of Nimmagadda Prasad and Brahmananda Reddy. However, the court, after hearing the arguments of the CBI counsel, postponed the petition for the next hearing to 17 May.
Nimmagadda Prasad was named as the 12th accused among 74, in the First Information Report filed by the CBI in August last year, against Y S Jaganmohan Reddy and others. (INN)
filed in:Y S Jagan Mohan Reddy, Corruption, CBI, K V Brahmananda Reddy, Chanchalguda Jail