shot-button
Subscription Subscription
Home > News > India News > Article > CBI summons BCCI chief in Jagan case

CBI summons BCCI chief in Jagan case

Updated on: 08 June,2012 11:57 AM IST  | 
Agencies |

The Central Bureau of Investigation has asked BCCI chief and managing director of India Cements N Srinivasan to explain his investments in Jagan's firms.

CBI summons BCCI chief in Jagan case

u00a0


The Central Bureau of Investigation (CBI) has summoned Board of Control for Cricket in India (BCCI) chief and managing director of India Cements N Srinivasan in connection with the corruption cases of YSR Congress Party leader YS Jaganmohan Reddy.

u00a0


Srinivasan has been asked to appear before the investigating agency here next week to explain the investments his company made in Jagan's firms, CBI sources said. However, the date has been kept under wraps.
u00a0
India Cements is one of the cement companies facing a CBI probe for making investments into Jagan's businesses in return for the benefits they received from the then government of YS Rajasekhara Reddy, Jagan's father.
u00a0
u00a0

Jaganmohan Reddy (File photo)

India Cements allegedly pumped in money in Bharati Cements and Jagati Publications owned by Jagan and in return got benefits from the government in the form of water allocation for its units in Andhra Pradesh.
u00a0
The CBI believes the then government issued two orders allocating additional water from the Krishna and Kagna rivers to two plans of India Cements. The orders reportedly helped the company to double its production in the state.
u00a0
The CBI has also issued notices to the managing directors of Penna Cements and Dalmia Cements to appear before it next week. These cement firms were allegedly allocated limestone mines for the investments they made in Jagan's companies.
u00a0
The summons to Srinivasan and others were issued after CBI grilled Andhra Pradesh Information Technology Minister Ponnala Lakshmaiah for over eight hours on Thursday with regard to the orders issued by him as the then irrigation minister allocating water to India Cements and other companies.
u00a0
The CBI is also likely to again question another cabinet minister, Dharmana Prasada Rao, in connection with other benefits given to the cement companies. It has already questioned him once with regard to the orders issued by him allotting land for the Vanpic project. Rao was then the revenue minister and currently holds the roads and buildings portfolio.
u00a0
The central agency has also questioned Home Minister Sabita Indra Reddy, who as the then minister for mines, had allocated limestone mines to some cement companies.

"Exciting news! Mid-day is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest news!" Click here!


Mid-Day Web Stories

Mid-Day Web Stories

This website uses cookie or similar technologies, to enhance your browsing experience and provide personalised recommendations. By continuing to use our website, you agree to our Privacy Policy and Cookie Policy. OK