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Rajusk
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Username: Rajusk

Post Number: 27745
Registered: 02-2008
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Posted on Friday, November 01, 2013 - 09:31 am:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

The sixth charge sheet relates to India Cements making alleged quid pro quo investments to the tune of Rs 140 crore into Jagan-owned companies, and consequent "undue" benefits received by the firm in allocation of land and water from rivers Krishna and Kagna from the then Andhra Pradesh Government led by Y S Rajasekhara Reddy, Jagan's father.

Jagan and his financial advisor Vijay Sai Reddy figured as the first two accused in the charge sheet, while the others include Srinivasan, IAS officers M Samuel and Aditya Nath Das, Jagati Publications and Carmel Asia.

"We have not done anything wrong...It will be proved (in court). Beyond that I have nothing to say," Srinivasan told the waiting journalists as he emerged out of the court.

CBI has so far filed 10 charge sheets, which have names of former state Ministers, bureaucrats, corporate entities and businessmen besides Jagan and his associates.

Jagan, the prime accused in the case, was granted bail on September 23 after being in jail for over a year.

The case relates to investments made by various companies in Jagan's firms as quid quo pro for alleged favours bestowed on them during the tenure of Rajasekhara Reddy, who was Chief Minister between 2004 and 2009.

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