BCCI chief summoned in Jagan case
9 Jun 2012 9:31 AM GMT
The CBI has summoned BCCI chief and managing director of India Cements N Srinivasan in connection with the corruption cases of YSR Congress Party leader Y S Jaganmohan Reddy.
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.
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 Y S Rajasekhara Reddy, Jagan's father.
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.
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.
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.
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 Y S Rajasekhara Reddy, Jagan's father.
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.
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.
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