Hyderabad: YSR Congress leader Jagan Mohan Reddy's disproportionate assets case began with a petition filed by former state minister P Shankar Rao, who had alleged that Jagan had amassed wealth to the tune of Rs.43,000 crore during the regime of his father Y S Rajsekhara Reddy between 2004 and 2009.
Y.S.R. Reddy's election declaration of 2004 included tax returns showing Jagan's assets at Rs. 9.2 lakh, out of a total family assets of Rs. 50 lakhs. In April 2009, Jagan revealed total assets of Rs. 77 crore, and by 2011 it was Rs. 365 crore.
Aug 18, 2011: CBI began investigating the case following a High Court order. The CBI officials launched country-wide searches on Reddy's offices and residences on August 18, 2011.
