The CBI has called BCCI Chief and India Cements Managing Director N Srinivasan for questioning in connection with disproportionate assets cases against YSR Congress chief YS Jagan Mohan Reddy.
Mr Srinivasan has been summoned because he is the Managing Director of India Cements Ltd, which invested in Bharathi Cements and Jagathi Publications, companies promoted by Jagan Reddy. The CBI has alleged that India Cements invested in these companies in a quid pro quo – that two plants of the company in Andhra Pradesh received huge water allocations when Jagan Reddy’s father YS Rajasekhara Reddy was Chief Minister of that state. This the CBI alleges helped India Cement increase production substantially. Apart from Mr Srinivasan, other senior officials of the company have also been summoned.
As part of its investigation in the case, the CBI questioned Andhra Pradesh Information Technology Minister Ponnala Lakshmaiah for over eight hours yesterday. Mr Lakshmaiah was the irrigation minister in the YSR cabinet and he was reportedly questioned yesterday about the extra water that India Cements received.
YS Jagan is currently in judicial custody till June 11 and has been questioned by the CBI.