Bangalore, Oct 16 : The CBI on Tuesday filed its chargesheet against former Karnataka chief minister B S Yeddyurappa for allegedly granting undue favours to steel firms in return for donations to a charitable trust run by his kin and thereby causing a loss of Rs. 890 crore to the exchequer.
In its chargesheet filed before special CBI court, the agency named as accused Yeddyurappa, his sons B Y Vijayendra and B Y Raghavendra, his son-in-law R N Sohan Kumar, JSW Steels represented by Sajjan Jindal, its CEO Vinod Nowal and Senior Vice President Vikash Sharma among others.
CBI sources said the accused have been booked under IPC sections 120-B (criminal conspiracy) read with 109 (Abetment), 420 (cheating), 468 (forgery), 471 (forging of documents) besides relevant sections of Prevention of Corruption Act and Section 9 read with Section 4 of Karnataka Land (Restriction on) Transfer Act related to illegal mining.
Describing the conspiracy, CBI alleged that during 2006-10, the then Karnataka chief minister Yeddyurappa's kin Vijayendra, Raghavendra and Sohan Kumar, in violation of laws, purchased a land in Bangalore for Rs. 40 lakh which was notified for acquisition by the State government.
The land was denotified from acquisition by Yeddyurappa in an alleged abuse of his official position in violation of various rules, the CBI claimed.
The agency alleged that the land was later sold at exorbitant rates of Rs. 20 crore to JSW Steel Ltd group of companies even though the guidance value of the land was Rs. 1.5 crore, CBI sources said here.
The agency alleged that the inflated price was paid as bribe by the steel group as quid-pro-quo for not insisting for the recovery of Rs. 890 crore from it which is the loss caused to state public sector undertaking Mysore Minerals Limited.
