BCCI ex-chief Srinivasan faces another googly, charged in Jagan assets case

Agency probe found Srinivasan's India Cements was major beneficiary of the largesse given by then Y S Rajasekhara Reddy government

dinesh-akula

Dinesh Akula | September 10, 2013



There is more trouble from the legal front and staring embattled BCCI boss N Srinivasan right in his face. Adding to the woes of the once-powerful-now-beleaguered official, the CBI today named him as one of the accused in the disproportionate assets case against Y S Jaganmohan Reddy.The investigating agency today filed three charge-sheets in the case one of which pertained to the India Cements alleged quid pro quo scandal. The CBI named the sidelined chief of the cash-rich cricket body as the fifth among a list of nine accused.

Srinivasan is already on a sticky wicket thanks to all troubles, stemming from the recent spot-fixing scandal. The alleged involvement of his son-in-law Meiyyappan in the scam and the conflict of interest criticism as the owner of IPL franchise Chennai Super Kings landed him deeper in pits. As a clear fallout, he had to reluctantly make way for an interim board chief.

But the fresh bolt striking him from the legal front is likely to hamper his moves to bounce back as the BCCI president. The CBI had questioned Srinivasan on a few occasions in Hyderabad in connection with the India Cements case.

The investigating agency found in its probe that India Cements was a major beneficiary of the largesse given by the then Y S Rajasekhara Reddy government. The investigating agency found out that the firm had invested about Rs 140 crores in Jagan’s businesses in exchange for a slew of benefits received from the YSR government.

Interestingly, the three CBI chargesheets filed today did not have a mention of Andhra Pradesh minister Ponnala Lakshmaiah. Lakshmaiah was one of those questioned by the CBI as he was the major irrigation minister when India Cements received a slew of benefits from the YSR government.

 

Comments

 

Other News

Growing Up as a Multilinguist

Being and Becoming Multilingual: Some Narratives Edited by Rajesh Sachdeva and Rama Kant Agnihotri

Mumbai civil body refutes allegations of scam in tenement scheme

The BrihanMumbai municipal corporation (BMC) has rejected the Congress accusations of financial irregularities worth Rs 8,000 crore—9,000 croe in awarding contracts for getting project-affected people (PAP) tenements on private land.    BMC has said that it implements vital p

Sedition law: Can it have a place in democracy?

Does the concept of sedition have a place in modern democracies? This question became more relevant when the apex court recently put the country`s colonial-era sedition law on abeyance stating that there is a “requirement to balance… security interests and integrity of the State… and th

Not just another Manto anthology

The Collected Stories of Saadat Hasan Manto: Volume 1: Bombay and Poona Translated by Nasreen Rehman Aleph Book Company, 548 pages, Rs 999 There are writers, there are writers’ writers, and then there are readers’ writers. Saadat Hasan Mant

These tribal women may be illiterate but are successful entrepreneurs

Meet Promila Krishna, 39, Lalita Nayak, 40, Parbati Gadba, 42, Sanadei Dhuruwa, 39, and Nabita Barika, 41, of Kundra block in Odisha’s Koraput district. Except for Promila who is a matriculate, others haven’t attended school beyond the elementary level. However, while introducing themselves to

Women in workforce: Despite policy support, why it is declining

Michelle Obama once said, “No country can ever truly flourish if it stifles the potential of its women and deprives itself of the contributions of half of its citizens.” That should be so obvious, but it is not, and countries keep depriving themselves of the contributions of half of their popul

Visionary Talk: Arvind Sawant, Member of Parliament with Kailashnath Adhikari, MD, Governance Now


Archives

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter