August 27, 2011 : CBI registered FIR and cases against him and 74 others under various IPC and CrPC sections for criminal conspiracy, cheating. It alleged that since May, 2004, he had floated a number of companies including Jagathi Publications. As quid pro quo to investing in his companies, investors were given the benefit of allotment of lands for Special Economic Zones (SEZs), contracts for irrigation projects, etc.
