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August 19, 2011 / PTI, Hyderabad / DC.
The CBI has alleged that Kadapa MP Y.S. Jaganmohan Reddy conspired with his father late Y.S. Rajasekhara Reddy and other individuals and companies to 'cheat the government of Andhra Pradesh in the matter of granting certain favours'.
In its FIR in the case related to Jagan, a copy of which was filed in a special court here, the CBI charged that he 'exercised his influence' on his (late) father, then chief minister, and also 'unknown public servants' of the state government, who in turn abused their official positions by corrupt or illegal means and issued orders favourable to many companies.
The charges relate to criminal conspiracy, cheating, criminal breach of trust, falsification of accounts and criminal misconduct, according to the FIR.
"As a quid pro quo, those companies, other unknown companies and unknown persons invested several crores of rupees in Jagati Publications, Sandur Power Company Limited, Carmel Asia Holdings, Bharathi Cement Corporation Ltd and other companies promoted by Jaganmohan Reddy at a huge premium," the CBI FIR said.
The agency filed the case against Jagan and others based on a directive of the Andhra Pradesh High Court that disposed of a petition filed by current Textile Minister P Shanker Rao, into which TDP leaders K. Yerran Naidu and Yanamala Ramakrishnudu impleaded.
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