Hyderabad: N Srinivasan, who has recently stepped aside as BCCI president, yesterday faced trouble outside the cricketing arena when the CBI yesterday charge sheeted him in the disproportionate assets case against YSR Congress leader Y S Jaganmohan Reddy.
Apart from Srinivasan, who is the vice-chairman and managing director of India Cements, the CBI also filed charge sheets against Penna Cements and Bharti Cements. All these companies are accused of receiving favours from the Andhra Pradesh government as quid pro quo for making investments in Jaganmohan's firms when his father YSR Reddy was the Chief Minister.
All three charge sheets named Jaganmohan and his auditor Vijay Sai Reddy as accused 1 and 2, while Srinivasan and two senior IAS officers - M Samuel and Adityanath Das - face charges in the case related to the cement firm, Ashok Reddy, counsel for the YSR Congress leader, told reporters here.
Jagan, arrested on May 27 last year by CBI, is in judicial custody at the Chanchalguda Central Prison here. The CBI has alleged that Jagan, along with his late father Y S Rajasekhara Reddy, Vijay Sai and others, hatched a conspiracy to defraud the Government. CBI had earlier informed the Supreme Court it would be filing charge sheet against Sandur Power, Bharati/Raghuram Cements, Dalmia Cements, India Cements and some Kolkata-based suitcase companies for allegedly investing in Jaganmohan's companies.
According to the probe agency, India Cements invested Rs 135 crore in Jagathi Publications and other firms owned by Jaganmohan in return for favours it got in terms of water allocation and mining leases for its facilities in Andhra Pradesh.
Srinivasan was questioned in connection with the case in June last year.
With this, the CBI has so far filed eight charge sheets in the DA case against Jaganmohan and told the court it is likely to file some more in a day or two. According to CBI, Penna Cements and Bharathi Cements invested Rs 68 crore in Jagathi Publications and other companies of Jaganmohan in return for favours they got with regard to land allotment.
CBI had earlier alleged that limestone mining leases allotted to Raghuram Cements were illegally transferred to Bharathi Cements. Raghuram Cements was taken over by Jaganmohan and renamed as Bharathi cements.
CBI has named three former ministers and some senior IAS officials in the charge sheets filed earlier.
