Hyderabad, Nov 1 IBNS | 1 year ago

YSR Congress president Jagan Mohan Reddy and Board of Control for Cricket in India (BCCI) president N. Srinivasan appeared before a Central Bureau of Investigation (CBI) special court in Hyderabad on Friday in connection with a disproportionate assets case.


All other accused in the scam were also present in the court.

The court had ordered all accusd in the case to appear before it on Friday.

In September, the CBI had named Srinivasan in one the three chargesheets filed in connection with the case involving Jagan.

Srinivasan was named in the chargesheet filed against India Cements, which is promoted by him.

The probe agency had filed the other two chargesheets against Penna Cements and Bharathi Cements in a special court in Hyderabad.

The CBI has alleged that India Cements had invested up to Rs. 140 crore in Jagan's companies as quid pro quo for water allotted to their plants in Nalgonda and at Tandur in Ranga Reddy district of Andhra Pradesh, when his father YSR Reddy was the chief minister of the state.

The agency also alleged that Penna Cements, promoted by Pratap Reddy, invested Rs. 68 crores in Jagathi Publications and Carmel Asia, both of which are owned by Jagan, as a quid pro quo for over 1500 acres of land allotted preferentially.

The third company named in the chargesheet-Bharati Cements, which has now become Raghuram Cements, was owned by Jagan. The company is said to have been allotted land in excess than what was granted legally.

Sixteen months after he was arrested in connection with the case, Jagan walked out of Chanchalguda jail in Hyderabad on Sept 24 after being granted bail.

The CBI has filed a total of 10 chargesheets against Jagan in the DA case.

The probe agency had arrested Jagan on May 27, 2012.

The Andhra Pradesh High Court ordered a CBI probe into Jagan's wealth on Aug 11, 2011 after Congress leader P Shankar Raofiled a written petition in Nov 2010 seeking it, terming his property as "ill-gotten".

Jagan's father YSR Reddy, who was a Congress strongman and chief minister of Andhra Pradesh, died in a helicopter crash in 2009.

(Posted on 02-11-2013)