Court takes cognisance of chargesheet in case against Jagan Reddy

The special CBI court today took cognisance of the charge sheet filed by CBI against YSR Congress chief Y S Jagan Mohan Reddy and others in quid-pro-quo investments case related to Indu Techzone Pvt Ltd.

PTI| Updated: Oct 10, 2013, 23:43 PM IST

Hyderabad: The special CBI court today took cognisance of the charge sheet filed by CBI against YSR Congress chief Y S Jagan Mohan Reddy and others in quid-pro-quo investments case related to Indu Techzone Pvt Ltd.

The court also ordered issuance of summons against all the ten accused, including Jagan (named as accused number 1), his auditor V Vijay Sai Reddy and Shyam Prasad Reddy, promoter of Hyderabad-based Indu Group and Indu Projects, and directed that they be present on November 13.

Former minister P Sabitha Indra Reddy has been named as an accused in the charge sheet which also includes the names of senior IAS officers Ratna Prabha and suspended IAS officer B P Acharya.
According to CBI, Indu Techzone Pvt Ltd was alloted 250 acres of land at Shamshabad here by the government when Jagan`s father Y S Rajasekhara Redddy was the Chief Minister, and in return, the company invested Rs 15 crore in Caramel Asia Holdings Pvt Ltd.
CBI`s case, on the whole, is that investments were made in Jagan`s companies (controlled by him directly or indirectly) as a quid-pro-quo for government favours.