New Delhi/Hyderabad: The CBI yesterday charge-sheeted self-exiled Indian cricket board president Narayanaswamy Srinivasan in a corruption case involving YSR Congress party chief Y S Jaganmohan Reddy but he immediately hit back, saying this had nothing to do with him as a sports administrator.
In the charge-sheet relating to India Cements, CBI named Srinivasan, its managing director, as the accused number three.
“Don’t mix the business chargesheet with my cricket,” was Srinivasan’s terse reply when IANS asked whether the development will in any way affect his return from self-exile to head the Board of Control for Cricket in India (BCCI) and get a third year in office.
The CBI, in its charge-sheet stated that India Cements allegedly invested Rs1.4bn in Jagan’s businesses in return for the benefits it received from the then Andhra Pradesh government that was headed by Jagan’s father,
Y S Rajasekhara Reddy, who was killed in a helicopter crash in 2009. The CBI filed the chargesheets in the special court, naming 25 accused and charging them under various sections of Indian Penal Code.
The chargesheets relate to India Cements, Penna Cements and Bharati Cements, the three companies which allegedly made quid-pro-quo investments in Jaganmohan Reddy’s business.
Srinivasan’s company also owns successful IPL franchise Chennai Super Kings whose team principal and his son-in-law Gurunath Meiyappanis is currently out on bail in the IPL betting scandal.
Jagan, as the MP from Kadapa is popularly known, figures as the accused number one in all three charge sheets while his financial advisor Vijay Sai Reddy is the number two accused.
The investments by Srinivasan were made into Bharati Cements and Jagati Publications owned by Jagan in return for the benefits India Cements received in the form of additional water allocation for its units in Andhra Pradesh. IANS