The Central Bureau of Investigation (CBI) has summoned BCCI President N Srinivasan in connection with YSR Congress chief Jaganmohan Reddy's disproportionate assets case.
The CBI has held that India Cements, of which Srinivasan is the managing director, invested in Jagan-promoted companies and got benefits from the YSR regime in the form of enhanced water allocation for its cement units in the state.
According to the CBI's FIR, India Cements invested Rs 135 crore in both Jagati Publications and Bharati Cements, the two Jagan firms, as quid pro quo for water allocation, reported the Times of India
Meanwhile, the Andhra Pradesh Information Technology Minister Ponnala Lakshmaiah is being examined by the CBI over the Government Orders, issued by the Irrigation Department during his tenure as the Major Irrigation minister in the cabinet of late Y S Rajasekhara Reddy.
Ponnala is being quizzed by the CBI on supply of water from river Krishna and Kagina to some cement companies, which in turn allegedly made investments in Jagan-owned businesses. One of the cement companies include Srinivisan's India Cements.
Srinivisan has been asked to appear before the CBI in Hyderbad next week.