Quid-pro-quo case: Court summons against Jagan, N Srinivasan
Hyderabad: A special CBI court here on Wednesday ordered issuance of summons against YSR Congress chief YS Jaganmohan Reddy and India Cements MD N Srinivasan besides other accused in connection with the case pertaining to quid pro quo investments in companies of Jagan.
The court took cognisance of the sixth chargesheet filed by CBI against Jagan and others on September 10 and ordered for issuance of summons with a direction that all the accused in the chargesheet should appear before it on November 1.
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.
Jagan and his financial advisor Vijay Sai Reddy figured as the first two accused in the chargesheet while other names included that of Srinivasan, IAS officers M Samuel and Aditya Nath Das, India Cements, Jagati Publications and Carmel Asia.
The CBI, probing the quid-pro-quo investments case, has so far filed 10 chargesheets.
Jagan, who is the prime accused in the case, walked out of Chanchalguda jail yesterday after he was granted bail after 16 months.
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 his father (late) YS Rajasekhara Reddy as Chief Minister between 2004 and 2009.
More from India
More from World
More from Sports
More from Entertaiment
- Trump-Sharif conversation: Team Donald denies Pakistan's claims
- Hizbul commander Musa issues threats of attacks in new video
- 'Heart of Asia' Conference begins in Amritsar; Sartaj Aziz to pay a visit on Sunday
- Aware of Chinese submarine deployment at Balochistan's Gwadar port, says Navy chief
- Panel discussion over Mamata Banerjee's false allegations on Indian Army for political gains
- Gujarat businessman declares highest ever black money amount – Rs 13,000 crore!
- Army proves Mamata Banerjee wrong, releases letter showing West Bengal govt knew of exercise
- Rs 14,000 crore default case: Gujarat businessman detained, says money belongs to politicians, babus
- Manohar Parrikar exposes Mamata's attempt to politicise routine Army exercise in Kolkata
- Newly-wed couple Yuvraj Singh and Hazel Keech perform `bhangra` at Goa airport – Viral video