CBI questions BCCI chief N Srinivasan in Jagan Reddy case again

BCCI chief and MD of India Cements N Srinivasan appeared before the CBI again in Hyderabad to be questioned in connection with allegations of paying kickbacks to Jagan Reddy’s firms in order to obtain land and water facilities for his firms factories in Andhra Pradesh. This is the second time that the industrialist has been questioned by the CBI in connection with the case. [caption id=“attachment_354955” align=“alignleft” width=“380” caption=“N Srinivasan has been questioned earlier by the CBI. Reuters”] [/caption] India Cements is reportedly named as the 22nd accused of 74 listed by the Central Bureau of Investigation (CBI) in relation to the case. The CBI alleges that India Cements paid bribes of Rs 60 crore in the garb of investments to YS Jaganmohan Reddy and his father, former Andhra CM YS Rajsekhra Reddy, in return for official favours. It states that like many other industrialists, the Srinivasan-led India Cements subscribed to shares of Jaganmohan Reddy’s companies at a very high premium and in return he was allotted land and water from the Krishna river for his cement plants. Srinivasan has maintained however, that there have been no irregularities in the allocations of land and water for his firms’ factories in Andhra Pradesh during the tenure of former chief minister YSR Reddy. Jagan is presently in judicial custody in the case till 25 June.