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of <h1>Supreme Court upholds CBI probe into economic offenses over Rs. 3000 crores, allows bail post-investigation.</h1> <h3>Y.S. Jagan Mohan Reddy Versus C.B.I., Anti Corruption Branch</h3> Y.S. Jagan Mohan Reddy Versus C.B.I., Anti Corruption Branch - TMI Issues involved: The judgment involves the dismissal of a special leave petition (SLP) challenging ongoing investigations by the Central Bureau of Investigation (CBI) into various serious economic offenses involving significant amounts of money.Judgment Details:Issue 1: Ongoing Investigations by CBI The CBI is conducting investigations into seven matters involving serious economic offenses amounting to over Rs. 3000 crores. These matters include conspiracies related to different entities such as Sandur Power Company Ltd., Bharti Cements/Raghuram Cements, Penna Cements, Dalmia Cements, India Cements, investment through paper companies, Indu Projects, and Lepakshi Knowledge Hub. The CBI assured the Court that investigations are being carried out diligently and a final charge-sheet will be submitted upon completion.Decision: After hearing arguments from both parties and reviewing the CBI's report, the Court decided not to interfere at the current stage and dismissed the special leave petition. However, the Petitioner is allowed to seek bail before the trial court once the CBI completes its investigation and submits the final charge-sheet. The trial court will independently consider the bail application on its merits, irrespective of the dismissal of the special leave petition.Issue 2: Next Steps Regarding another SLP, the Court directed to put up the matter for further consideration after two weeks, indicating ongoing judicial oversight in the case.Conclusion: The Supreme Court dismissed the special leave petition challenging the CBI's ongoing investigations into serious economic offenses involving substantial amounts of money. The Court allowed the Petitioner to seek bail after the investigation is completed and the final charge-sheet is submitted, emphasizing that the bail application will be considered independently by the trial court. Additionally, the Court scheduled another SLP for further review after two weeks.
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