Quid-pro-quo:Srinivasan, other accused appear before CBI court

Quid-pro-quo:Srinivasan, other accused appear before CBI court

India Cements Managing Director and ICC President N Srinivasan besides other accused in the case pertaining to alleged quid-pro-quo investments made in YSRC chief Jaganmohan Reddy's firms, today appeared before a special CBI court here which posted the matter to November 20.

Former AP minister Sabitha Reddy, Jagan's financial advisor V Vijay Sai Reddy, industrialist Nimmagadda Prasad and some IAS officers, who have been named in the 11 charge sheets in different aspects of the case also appeared before the court and marked their appearance.

Jagan, the prime accused in the case, who represents Pulivendula Assembly seat in Kadapa district of Andhra Pradesh, did not appear before the court, though he alongwith some more accused, who too, did not appear were represented by their respective counsels.

The court had yesterday granted exemption to Jagan from making personal appearance in the court as he had filed a petition saying he was on a visit to cyclone-affected districts of Andhra Pradesh.

The sixth chargesheet relates to the issue of India Cements, represented by its Vice-Chairman and Managing Director N Srinivasan, making alleged quid-pro-quo investments to the tune of Rs 140 crore into the companies of Jagan, and consequent "undue" benefits received by India Cements in the issues of allocation of lease of land, allocation of water from rivers Krishna and Kagna.

The case pertains to alleged investments made by various private firms and individuals to the tune of several crores of rupees in Jagan's businesses, as part of quid-pro-quo arrangement for various favours bestowed on them during the tenure of his father late Y S Rajasekhara Reddy as Chief Minister of Andhra Pradesh between 2004 and 2009.

DH Newsletter Privacy Policy Get the top news in your inbox
Comments (+)