Jagan Mohan Reddy has been sent to judicial remand till June 11 by a special CBI court near Hyderabad.
The CBI, which has accused the politician of corruption, forgery, breach of trust by a public servant and cheating, had asked to keep him in custody for 14 days.
Opposing Mr Reddy's request for bail, the CBI said that if he is free, Mr Reddy could influence witnesses and tamper with his companies' accounts.
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