CBI grills BCCI President in Jagan illegal assets case

Board of Control for Cricket in India (BCCI) President and Indian Cements Managing Director N Srinivasan appeared before the Central Bureau of Investigation (CBI) for questioning into the disproportionate assets case against Jaganmohan Reddy, here this morning. Earlier, the investigating agency had issued summons to Mr Srinivasan in the Jagan assets case. As part of its probe into the case, the CBI would ask BCCI President to explain the investments made by his company, Indian Cements, into Jagan’s firms. India Cements, which is one of the cement companies facing a CBI probe for making investments into Jagan’s businesses in return for benefits they received from the then government headed by Dr Y S Rajasekhara Reddy, Jagan’s father. The CBI believes that the India Cements allegedly invested Rs 140 crore in Jagan’s firms that included Bharati Cements and Jagati Publications, in return of benefits from the government in the form of water allocation for its units in Andhra Pradesh.