Jaganmohan Reddy, N Srinivasan appear in CBI court over investments case

Andhra Pradesh Minister for Major Industries J Geetha Reddy, BCCI chief and India Cements MD N Srinivasan and YSR Congress chief and Kadappa MP Y S Jaganmohan Reddy and other accused appeared before a special CBI court, looking into the case of alleged quid-pro-quo investments in Jagan’s firms, in Hyderabad on Tuesday.

Former ministers Sabitha Reddy, Dharmana Prasada Rao and Mopidevi Venkataramana Rao, apart from Jagan’s auditor V Vijay Sai Reddy, industrialist Nimmagadda Prasad and IAS officers who have been named in 10 charge sheets in different aspects of the case also appeared before the court.

The court posted the matter to January 3.

The case pertains to alleged investments made by various private firms and individuals to the tune of several crores in Jagan’s businesses, as part of quid-pro-quo arrangement for alleged favours by the erstwhile YSR Rajasekhara Reddy government.

The CBI has accused Jagan of amassing disproportionate assets through illegal means by misusing the office of YSR when the latter was the Chief Minister of Andhra Pradesh between 2004 and 2009.