Jaganmohan Reddy DA case: BCCI chief charge sheeted among others

NEW DELHI: BCCI Chief N Srinivasan was today named as one of the accused in the three charge sheets filed by CBI in connection with the case of alleged disproportionate assets acquired by Kadapa MP Jaganmohan Reddy.

The agency has also filed charge sheets against cement companies--India Cements owned by Srinivasan, Panna Cement and Bharathi Cement, now named as Raghuram Cements, for allegedly investing money in Jagathi publications, owned by Jagan, and in return got favours from the then Andhra Pradesh government led by Y S Rajasekhara Reddy, CBI sources said here.

They said the government gave a number of concessions like limestone mines allocation, water allocations and tax benefits.

The sources said India Cements allegedly got undue favours for water allotted to their plants.

"This is separate. It has nothing to do with cricket. India Cements has done nothing irregular. It will be established at the appropriate forum," Srinivasan told PTI.

Others made accused by CBI include IAS officers--the then Special Chief Secretary M Samuel and Principal Secretary Aditya Nath Das.

CBI sources said V Vijay Sai Reddy, a close aide and auditor of main accused Jagan Reddy, has also been named in the charge sheets filed today before the Special CBI court here.

Srinivasan has been made accused in the first charge sheet relating to alleged undue favours given to India Cements in the form of renewal of lease of land and allotment of water from Kagna and Krishna rivers by violating norms and procedure, CBI said.

The agency claimed these favours were allegedly for quid pro quo investments made by its Managing Director N Srinivasan to the tune of Rs 140 crores(approx) in Jagan's companies--Raghuram Cements, Jagathi Publications and Carmel Asia Holdings Pvt Limited.

The companies are among nine accused named in CBI charge sheet accused for cheating and relevant provisions of the Prevention of Corruption Act, the sources said.

They said the second charge sheet related to Jagan, his financial advisory Reddy, his company Raghuram Cement, previously known as Bharathi Cement, and its five directors.

The charge sheet alleged there were grave irregularities in grant of mining lease for limestone over 2037.52 acres in Kadapa district to Raghuram Cement owned by Jagan.

The third charge sheet related to alleged investment of Rs 68 crores(approx) made by the P Prathap Reddy Chairman, Penna Cement into Jagan's companies--Hyderabad-based Jagathi publications and Bangalore-based Carmel Asia Holdings.

In return, the company was allegedly favoured in the form of alienation of government land measuring 231.09 acres in Ananthapur district, grant of prospecting licence over an extent of 304.7 hectare in Kurnool district, renewal of mining lease over 821 acres in Ranga Reddy district, extending relaxations benefits to his hotel project situated in Banjara Hills, Hyderabad.