CBI may slap charges against Srini in Jagan case

CBI may slap charges against Srini in Jagan case

Beleaguered Board of Control for Cricket in India (BCCI) president N Srinivasan, forced to step aside temporarily from the helm of affairs at the cricketing body following involvement of his son-in-law Gurunath Meiyappan in betting, also finds his name entangled with the illegal asset case against YSRC leader Jaganmohan Reddy currently probed by the CBI.

Srinivasan has already been interrogated twice in June 2012 in connection with out of turn water allocations for the India Cements factory in Andhra Pradesh and lime stone mines granted to the company by the YS Rajasekhar Reddy government as a quid pro quo gesture for investments to Jagan-owned companies.

In the first charge sheet filed in October 2011 last in this connection, India Cements has been listed as accused N. 22 and Srinivasan is likely to be quizzed again .The CBI had fixed a questioning session with Srinivasan last Friday, but had to defer the dates following request from the BCCI chief for more time owing to the crises at cricket’s governing body, a CBI source said. 

India cements has invested Rs 135 crore in Bharati Cements and Jagati publications (Sakshi TV and Sakshi newspaper). Investments in Jagati publications alone amounts to Rs 40 crore, according to CBI sources.

However, India cement sold its stake in Bharati Cements and the  company made profits up to Rs 30-35 crore.