Hyderabad: Yuvajana Shramika Rythu Congress chief Y.S. Jaganmohan Reddy was on Tuesday named an accused in another Central Bureau of Investigation (CBI) charge sheet filed in a local court in a case related to investments made in his companies in return for benefits.

This was the 11th charge sheet filed by the probe agency, which has accused Jagan of getting investments running into several crores from various individuals and firms into his businesses as “quid pro quo" for favours bestowed on them during the tenure of his father Y.S. Rajasekhara Reddy, who was Andhra Pradesh chief minister between 2004 and 2009.

The charges against the 41-year-old legislator from Pulivendula in Kadapa district and V. Vijay Sai Reddy, his auditor, were filed in a special CBI court. They relate to investment made by private firm Indu Projects Ltd and the duo has been charged with cheating, criminal conspiracy, forgery and criminal breach of trust, among others.

Naming Jagan as prime accused in all the cases, CBI arrested him in 2012. He was released on bail in September last year after he spent over 16 months in a prison. “CBI Hyderabad filed a charge sheet pertaining to Indu Projects Ltd (Housing) in RC 19 (A)/ 2011-CBI-Hyd today (Tuesday) in the court of principal special judge for CBI cases, Hyderabad against Y.S. Jaganmohan Reddy (A-1), V. Vijay Sai Reddy (A-2)," the top investigating agency said in a release.

According to CBI, favours were granted in allotment of housing schemes to Indu Projects as part of quid pro quo investments in a company owned by Jagan. Shyam Prasad Reddy, promoter of Hyderabad-based diversified Indu Group of companies has already been named as co-accused by the CBI in one of the 10 cases. Meanwhile, the court posted to 23 September the proceedings in cases involving investments in Jagan-owned firms. The leader of opposition in Andhra Pradesh assembly appeared before the court in connection with these cases.

Former Andha Pradesh minister D. Prasad Rao, a co-accused in one of the cases, also turned up in the court, besides some senior Indian Administrative Service officers and industrialists, who have been named accused in different charge sheets. The first charge sheet was filed against Jagan and 12 others on 31 March 2012 on the issue relating to allotment of land to the tune of 75 acres each to pharma companies Hetero and Aurobindo Pharma.

Close