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Three more chargesheets in Jagan’s case

Three more chargesheets  in Jagan’s case
Highlights

The Indian cricket board chief N Srinivasan has been named in the charge-sheet relating to the India Cements as accused no. 3. He is the managing Director of the India Cements which had invested Rs 140 crore into Jagan's businesses allegedly in return for the benefits it received from the then government of YS Rajasekhara Reddy for the utilisation of Kagna river waters.

  • BCCI chief Srinivasan shown as accused No. 3
  • Jagan named accused No. 1 in all the cases
  • Final chargesheet likely by weekend: Jagan’s lawyer
  • Chargesheets mention India Cements, Penna Cements and Bharati Cements
  • They allegedly invested in Jagan cos on quid pro quo

Hyderabad: The Central Bureau of Investigation (CBI) filed three chargesheets in Y S Jaganmohan Reddy’s disproportionate assets (DA) case at a special court here on Tuesday. The chargesheets relate to India Cements, Penna Cements and Bharati Cements, the three companies which had allegedly made quid pro quo investments in Jaganmohan Reddy's businesses. Final charge-sheet is likely to be filed in the case by the weekend.

The Indian cricket board chief N Srinivasan has been named in the charge-sheet relating to the India Cements as accused no. 3. He is the managing Director of the India Cements which had invested Rs 140 crore into Jagan's businesses allegedly in return for the benefits it received from the then government of YS Rajasekhara Reddy for the utilisation of Kagna river waters.

The CBI had questioned him twice last year about the investments his company made into Jagan’s firms. Jagan has figured as the accused number one in all three charge-sheets while his financial adviser Vijay Sai Reddy, is accused No 2. In all 25 persons were named as accused under various sections of Indian Penal in the three charge-sheets. Penna Cements have made investments in Jagathi Publications Private Limited and Carmel Asia Holdings Private Limited to the tune of Rs 6 Cr.

During the YSR regime, limestone blocks in Kurnool and Rangareddy were allocated to Penna Cements. The YSR government also allocated 230 acres of land in Anantapur district to Penna Cements. The CBI did not include the name of the IT Minister, Ponnala Lakshmaiah, and former Home Minister Sabitha Indra Reddy in the chargesheet.

The CBI had questioned Ponnala for two days in the past raising speculations that his name might figure in the charge-sheet. It is a known fact that Sabita and Ponnala Lakshmaiah were also among six ministers who received notices from the Supreme Court for passing the controversial 26 GOs. With this the number of charge-sheets filed in the case so far has gone up to eight. A CBI counsel told reporters that the remaining charge-sheet would be filed in two to three days.

As the Judge of the special court for CBI cases at Nampally was on leave on Tuesday, the CBI filed the charge-sheets at court of the first additional special judge the Gagan Vihar. The CBI DIG, Venkatesh submitted the three charge-sheets in a sealed cover. So far, eight charge-sheets have been filed in the disproportionate assets case of Y S Jaganmohan Reddy.

Jagan, who is in jail since May last year, is facing charges of amassing wealth through quid pro quo deals when his father was Chief Minister from 2004 to 2009. “The CBI told the court that only one charge-sheet remains in Jagan's case,” according to Jagan's lawyer Ashok Reddy in Hyderabad. He also said that the remaining charge-sheet would be filed in two to three days. The lawyer also said that Jagan can now apply for the bail petition at a lower court according to the Supreme Court ruling on May 9 last.

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