In turn, industries and investors got land, mining leases and concessions from the state government. The Central Bureau of Investigation CBI has disclosed that Y S Jaganmohan Reddy, popularly known as Jagan, accepted Rs 1, crore from various investors as bribe and in turn helped them get favours from the state government. The favours are mainly land, mining leases and licences for new industries. It shot up to Rs 77 crore in and then to a whopping Rs crore in Farmers who lost their land-holdings to Vanpic are still protesting against forcible acquisition of land.
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The accused have been charged with cheating, criminal conspiracy and criminal breach of trust, sources said. While Reddy is the number one accused, Vijay Sai Reddy, the auditor for companies owned by Reddy, is the second accused. The latter was arrested by the CBI on January 2. On August 11, , the Andhra Pradesh HC had found there was a prima facie case against Reddy in floating a number of companies into which investments were made by individuals and corporates, who received favours from the government headed by his father.
The CBI registered the case on August 17 and started a probe. The notices were issued in connection with the 26 government orders issued during the YSR rule allegedly to dole out favours to his son. HT Correspondent Hindustan Times.
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Additional charge sheet against Jaganmohan Reddy in quid-pro-quo case
YS Jaganmohan Reddy restarts works at Amaravati. All rights reserved. For reprint rights: Times Syndication Service. Politics and Nation. Defence Defence National International Industry. Company Corporate Trends Deals. International Business World News.
CBI chargesheets Jagan, 12 aides in assets case
All rights reserved. For reprint rights: Times Syndication Service. Politics and Nation. Defence Defence National International Industry.
CBI files chargesheet against Jagan, 12 others in assets case
Jump to navigation. Trouble has always lurked around the corner for Y. Jaganmohan Reddy. But this time could well be the endgame for the year-old president of the YSR Congress and leader of the opposition in the Andhra Pradesh assembly. On April 2, chief minister N. Naidu acted just days after the Central Bureau of Investigation moved the special CBI court in Hyderabad seeking cancellation of the bail Jagan was granted in September in a disproportionate assets case.