CBI may name minister, top industrialists, officials

Published: 17th July 2013 08:36 AM  |   Last Updated: 17th July 2013 08:36 AM   |  A+A-

The Central Bureau of Investigation (CBI) is likely to file a chargesheet over the role of India Cements and Penna Cements in Jagan assets case.

Sources said that the CBI is likely to be submitted before the court in the next few days. It is learnt that names of top industrialists, a minister and some bureaucrats figure in the chargeshet.

India Cements, yet to be charged, was accused of investing Rs 135.93 crore in cement and media businesses of Jagan in lieu of favours from the government, which allotted water from Krishna and Kagna rivers to its plants in Nalgonda and Rangareddy. The CBI has accused Penna Cements of investing `68 crore in lieu of favours obtained from the state government when YS Rajasekhara Reddy was the CM. Ponnala Lakshmaiah, irrigation minister in YSR regime was earlier questioned by the CBI pertaining to two GOs for release of 10 lakh gallons of water a day from Krishna river and 13 million cubic feet from Kagna river. India Cements MD N Srinivasan was summoned by the CBI in June 2012 and questioned.

Stay up to date on all the latest Andhra Pradesh news with The New Indian Express App. Download now


Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on are those of the comment writers alone. They do not represent the views or opinions of or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp