This was the 11th charge sheet filed by the probe agency, which has accused Jagan of getting investments running into several crores from various individuals and firms into his businesses as ‘quid pro quo’ for favours bestowed on them during the tenure of his father Y S Rajasekhara Reddy, who was Andhra Pradesh Chief Minister between 2004 and 2009.
The charges against the 41-year-old legislator from Pulivendula in Kadapa district and V Vijay Sai Reddy, his auditor, were filed in a special CBI court.
They relate to investment made by private firm Indu Projects Ltd and the duo has been charged with cheating, criminal conspiracy, forgery and criminal breach of trust, among others.
Naming Jagan as prime accused in all the cases, the CBI arrested him in 2012. He was released on bail in September last year after he spent over 16 months in a prison. ‘CBI Hyderabad filed a charge sheet pertaining to Indu Projects Ltd (Housing) in RC 19 (A)/ 2011-CBI-Hyd on Tuesday in the court of Principal Special Judge for CBI cases, Hyderabad against Y S Jaganmohan Reddy (A-1), V Vijay Sai Reddy (A-2),’ the top investigating agency said in a release.
According to CBI, favours were granted in allotment of housing schemes to Indu Projects as part of quid pro quo investments in a company owned by Jagan. Shyam Prasad Reddy, promoter of Hyderabad-based diversified Indu Group of companies has already been named as co-accused by the CBI in one of the 10 cases.
Meanwhile, the court posted to September 23 the proceedings in cases involving investments in Jagan-owned firms. The Leader of Opposition in Andhra Pradesh Assembly appeared before the court in connection with these cases.
The charges against the 41-year-old legislator from Pulivendula in Kadapa district and V Vijay Sai Reddy, his auditor, were filed in a special CBI court.
They relate to investment made by private firm Indu Projects Ltd and the duo has been charged with cheating, criminal conspiracy, forgery and criminal breach of trust, among others.
Naming Jagan as prime accused in all the cases, the CBI arrested him in 2012. He was released on bail in September last year after he spent over 16 months in a prison. ‘CBI Hyderabad filed a charge sheet pertaining to Indu Projects Ltd (Housing) in RC 19 (A)/ 2011-CBI-Hyd on Tuesday in the court of Principal Special Judge for CBI cases, Hyderabad against Y S Jaganmohan Reddy (A-1), V Vijay Sai Reddy (A-2),’ the top investigating agency said in a release.
According to CBI, favours were granted in allotment of housing schemes to Indu Projects as part of quid pro quo investments in a company owned by Jagan. Shyam Prasad Reddy, promoter of Hyderabad-based diversified Indu Group of companies has already been named as co-accused by the CBI in one of the 10 cases.
Meanwhile, the court posted to September 23 the proceedings in cases involving investments in Jagan-owned firms. The Leader of Opposition in Andhra Pradesh Assembly appeared before the court in connection with these cases.