With the permission of the special CBI court in Hyderabad, the CBI is getting ready to set off a second round of raids on the companies owned by YSR congress chief YS Jaganmohan reddy and on the outfits which invested in his companies.

For this purpose, special teams of CBI had already arrived in Hyderabad from Mumbai, Visakhapatnam, Bangalore and Chennai with each team being headed by a DIG rank officer.

Disclosing that the second phase of investigation into Jagan properties has started, CBI joint director Mr VV Lakshminarayana told journalists in Hyderabad today that some banks have handed over the details of the bank accounts owned by Jagan and his companies. “Our officers are examining the details,” he said.

Representatives of the departments of Industries and the Income tax have also handed over several details of investments and Income tax returns of Jagan today. The details are also being scrutinized by the CBI officials.

Meanwhile, sources said that the CBI officials may not arrest Jagan if he fully cooperates with the investigation and answers all questions to be put to him. In such a case, a direct charge sheet will be submitted to the court seeking a trial. In case Jagan doesn’t cooperate, he may be arrested and then charge sheet filed as in case of former Telecom Minister A. Raja.