YSR Congress chief Y.S. Jaganmohan Reddy, former Andhra Pradesh minister Sabitha Indra Reddy and others accused in quid-pro-quo investments case related to Indu Techzone Pvt Ltd appeared before a special CBI court here today.

On October 10, the court had taken cognisance of the charge-sheet filed by CBI in the Indu Techzone case and issued summons against all the ten accused, including Jagan, his auditor V. Vijay Sai Reddy, Sabitha Indra Reddy and Shyam Prasad Reddy, promoter of Hyderabad-based Indu Group and Indu Projects, and directed that they be present before it on November 13.

The case pertains to alleged investments made by various private firms and individuals to a tune of several crore rupees in Jagan’s businesses, (named as accused number 1) as part of quid-pro-quo arrangement in exchange for alleged favours by the erstwhile YSR Rajasekhara Reddy Government.

Senior IAS officers Ratna Prabha and B.P .Acharya, industralist Nimmagadda Prasad, among others accused in the charge-sheet also appeared before the court.

According to CBI, Indu Techzone Pvt Ltd was allotted 250 acres at Shamshabad here by the AP Government when Jagan’s father late Y.S. Rajasekhara Redddy was the Chief Minister, and in return, the company invested Rs 15 crore in Caramel Asia Holdings Pvt Ltd.

CBI has accused Jagan of amassing huge wealth through illegal means by misusing the office of YSR when he was the Chief Minister of Andhra Pradesh between 2004 and 2009.

Related Topics