BCCI chief appears in court in Jagan graft case

Hyderabad, Nov 1 : India's cricket board chief N. Srinivasan Friday appeared in a special court here in connection with a corruption case involving YSR Congress chief Y.S. Jaganmohan Reddy.

Srinivasan, who is also the managing director of India Cements, is an accused in one of the aspects of quid pro quo investment cases against Jaganmohan Reddy, popularly known as Jagan.

The Board of Control for Cricket in India (BCCI) chairman was named as an accused in one of the charge sheets filed by the Central Bureau Investigation (CBI) in September.

According to CBI, India Cements allegedly invested Rs.140 crore into Jagan's businesses in return for the benefits it received from the then government of Jagan's father, Y.S. Rajasekhara Reddy.

Jagan, Srinivasan (the third accused in the case), then special chief secretary (environment and forests) M. Samuel, principal secretary (irrigation) Adityanath Das and other accused appeared before the CBI special court which had issued summons to them Sep 25.

The court of Second Additional Special Judge for CBI Cases directed the accused to deposit personal bond and two sureties of Rs.25,000 each. It adjourned the hearing to Dec 3.

Srinivasan, while leaving the court premises, said he did no wrong and would prove his innocence. He later met Jagan at the latter's residence. Jagan was released on bail Sep 23 after 15 months in jail.

The CBI, in the charge sheet filed Sept 10, alleged irregularities in the allocation of water to India Cements' units in Nalgonda and Ranga Reddy district from the Krishna and Kagna rivers, respectively. It also claimed the company got a limestone mining lease in Kadapa district extended in violation of norms.

--IANS (Posted on 01-11-2013)

andhra-pradesh-news headlines

Pawan Kalyan was under pressure: Jayaprakash Narayan

333 candidates for Lok Sabha polls in Seemandhra

Krishnaiah is TDP's CM candidate for Telangana

Pawan Kalyan to campaign for BJP, TDP in Andhra Pradesh

Modi vows to develop Telangana,Seemandhra

Un-implementable schemes announced by TDP, YSRCP: APCC

Summer special trains

Andhra Pradesh Guv seeks two months extension of Prez rule in state

BJP tsunami sweeping through India, says Modi

Chandrababu Naidu shares dais with Modi

Sangita Reddy undertakes election campaign

Kidney racket busted: 3 held in AP

Quick Links: Goa | Munnar | Pondicherry | Free Yearly Horoscope '2014


Your e-mail:

Your Full Name:

Type verification image:
verification image, type it in the box


Back to Top