Industrialist and film producer Nimmagadda Prasad, who was detained by Interpol in Belgrade of Serbia, has been released on the condition that he is not permitted to leave Belgrade as the matter is in court. Nimmagadda is a key accused in the corruption cases being probed against YS Jagan Mohan Reddy in Vadarevu-Nizampatnam Port and Industrial Corridor (Vanpic) project. He has been charged under various codes by UAE Federal Criminal Code under Article 5/5, 44, 225, 227, 228, 230, 399.
Interpol had issued a Red Corner notice on September 5, 2016 in the case following a request from the country Ras Al Khaimah (RAK) who had urged for Nimmagadda’s posession in the above case. After issual of Red Corner notice, Nimmagadda had traveled to Britain, Singapore and other countries but no where he was detained. But when he is in Serbia, Serbia police had detained him on July 27 and took him into their custody. Nimmagadda was produced in the High Court of Belgrade and the court has permitted the detaining of Nimmagadda.
“The detaining comes into force from July 27, 8.20 Am on wards. The court will review the matter for every two months and likely to extend the detention orders up to 1 year. The UAE should initiate the process and take the accused in a year,” opined the Serbia court.
The court said detention is allowed in their country without hearing the accused’s version. It further said that Serbian laws are strict and won’t allow an accused to stay in their country. However, the court has released Nimmagadda on the condition that he cannot leave the country. It is still not clear whether Nimmagadda was released on conditional bail or was he released upon the intervention of Indian Foreign Ministry.
Meanwhile, Nimmagadda Prasad has informed the CBI court in Hyderabad about his inability to attend the CBI court on Friday. Nimmagadda, who was granted bail by the CBI court, had informed the court about his Europe visit and he was detained in Serbia by the local police. Interpol has been informed about Nimmagadda’s detention.
Jagan’s Silence
TDP leaders are demanding CM YS Jagan Mohan Reddy to break his silence on Nimmagadda’s arrest in Serbia in related to the cases against Jagan. Ex-Finance Minister Yanamala Ramakrishnudu has challenged Jagan Mohan Reddy to reveal his business deals with Nimmagadda Prasad related to the Vanpic. He demanded Jagan to break his silence on Nimmagadda’s arrest. “Vanpic is a Rs 16,000-crore international scam. The then government, headed by Jagan’s father, gave 28,000 acres to Nimmagadda and, in turn, the latter invested Rs 850 crore in firms owned by Jagan under quid pro quo. Jagan should reveal all the facts,” Yanamala said in his statement.
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