Following a PIL filed by a Sikkim resident in a Gangtok court, it is revealed that Jagan had invested around Rs 200 to Rs 500 crore under benami companies in Si­kkim on these projects.

A CBI team visited Gangtok in October to probe the case under the guidance of Joint Director V V Lakshminarayana.

As per the facts of the case, the third phase of the 1,200 MW hydel project at Chungtang in north Sikkim is being undertaken with private investment by an unknown company Teesta Urja Ltd. Similarly another company M/s Himurja Infra Pvt Ltd is setting up Pavan Hydro power project of 99 MW on the Lepsa reservoir.

Both the projects are wholly and privately funded by two companies, which are alleged to be benami for Y S Jagan. A  senior IAS officer in the chief minister’s office during the Y S Rajasekhara Reddy’s rule was said to be the brain behind the project and also instrumental in getting these projects for Jagan.

In the PIL, petitioner An­and Lama alleged that the funds for these projects were raised by Y S Jaganmohan Reddy. Lama had appealed to the CBI to probe the case in detail about the scandalous racket.