The CBI filed a charge-sheet against the former Karnataka chief minister B S Yeddyurappa on Tuesday for allegedly granting undue favours to steel firms in return for donations to a charitable trust run by a member of his family and thereby causing a loss of Rs 890 crore to the state exchequer.
In the charge-sheet filed before a special CBI court, the agency named as accused Yeddyurappa, his sons B Y Vijayendra and B Y Raghavendra, his son-in-law R N Sohan Kumar, JSW Steels represented by Sajjan Jindal, its CEO Vinod Nowal and senior vice president Vikash Sharma among others.
Describing the conspiracy, the CBI alleged that during 2006 and 2010, the then Karnataka chief minister Yeddyurappa’s kin Vijayendra, Raghavendra and Sohan Kumar, in violation of laws, purchased a piece of land in Bengaluru for Rs 40 lakh which was notified for acquisition by the state government.
The land was denotified from acquisition by Yeddyurappa in an alleged abuse of his official position in violation of various rules, the CBI claimed. The agency alleged that the land was later sold at exorbitant rates of Rs 20 crore to JSW Steel Ltd group of companies even though the guidance value of the land was Rs 1.5 crore, the CBI sources said here.
The agency alleged that the inflated price was paid as bribe by the steel group as quid pro quo for not insisting for the recovery of Rs 890 crore from it, which is the loss caused to state public sector undertaking Mysore Minerals Limited.
In the charge-sheet filed before a special CBI court, the agency named as accused Yeddyurappa, his sons B Y Vijayendra and B Y Raghavendra, his son-in-law R N Sohan Kumar, JSW Steels represented by Sajjan Jindal, its CEO Vinod Nowal and senior vice president Vikash Sharma among others.
Describing the conspiracy, the CBI alleged that during 2006 and 2010, the then Karnataka chief minister Yeddyurappa’s kin Vijayendra, Raghavendra and Sohan Kumar, in violation of laws, purchased a piece of land in Bengaluru for Rs 40 lakh which was notified for acquisition by the state government.
The land was denotified from acquisition by Yeddyurappa in an alleged abuse of his official position in violation of various rules, the CBI claimed. The agency alleged that the land was later sold at exorbitant rates of Rs 20 crore to JSW Steel Ltd group of companies even though the guidance value of the land was Rs 1.5 crore, the CBI sources said here.
The agency alleged that the inflated price was paid as bribe by the steel group as quid pro quo for not insisting for the recovery of Rs 890 crore from it, which is the loss caused to state public sector undertaking Mysore Minerals Limited.