Raghav_12 Posted June 8, 2012 Posted June 8, 2012 CBI summons BCCI chief Srinivasan in Jagan Reddy case http://www.firstpost.com/india/cbi-summons-bcci-chief-srinivasan-in-jagan-reddy-case-336199.html The Central Bureau of Investigation (CBI) has summoned BCCI President N Srinivasan in connection with YSR Congress chief Jaganmohan ReddyÃÔ disproportionate assets case. The CBI has held that India Cements, of which Srinivasan is the managing director, invested in Jagan-promoted companies and got benefits from the YSR regime in the form of enhanced water allocation for its cement units in the state. BCCI chairman N Srinivisan. AFP According to the CBIÃÔ FIR, India Cements invested Rs 135 crore in both Jagati Publications and Bharati Cements, the two Jagan firms, as quid pro quo for water allocation, reported the Times of India Meanwhile, the Andhra Pradesh Information Technology Minister Ponnala Lakshmaiah is being examined by the CBI over the Government Orders, issued by the Irrigation Department during his tenure as the Major Irrigation minister in the cabinet of late Y S Rajasekhara Reddy. Ponnala is being quizzed by the CBI on supply of water from river Krishna and Kagina to some cement companies, which in turn allegedly made investments in Jagan-owned businesses. One of the cement companies include SrinivisanÃÔ India Cements. Srinivisan has been asked to appear before the CBI in Hyderbad next week. Sounds like a good news?
achilles Posted June 8, 2012 Posted June 8, 2012 Lalit Modi's saazish to tarnish the good name of Mr.Srinivasan, the honorable Master of Conflict-of-Interest.
bulbul Posted June 8, 2012 Posted June 8, 2012 Seeni mamoo can get out by giving some free IPL tickets to CBI for csk matches
vvvslaxman Posted June 19, 2012 Posted June 19, 2012 Srinivasan questioned in politician's corruption case http://www.espncricinfo.com/india/content/story/569049.html Srinivasan questioned in politician's corruption case N Srinivasan, the BCCI president, was reportedly questioned by India's Central Bureau of Investigation (CBI) for over six hours on June 18 in connection with a case against an Andhra Pradesh politician, YS Jagan Mohan Reddy. The case relates to Reddy allegedly amassing assets disproportionate to his known sources of income. Srinivasan, the managing director of India Cements and the owner of IPL franchise Chennai Super Kings, was asked to appear before the CBI to explain government orders allowing additional water used by his company's plants in southern India. The investigative agency claims that India Cements - one of India's largest cement companies, based in Chennai - invested in Reddy's businesses in return for getting the order passed. Srinivasan was apparently called in to explain the transactions. Reddy's father YS Rajasekhara Reddy was chief minister of Andhra Pradesh till his death in a helicopter crash in 2009. A report in India Today says the Reddy government had allegedly allocated water to India Cements' factories in two districts of Andhra Pradesh in violation of existing rules and regulations. The first information report (FIR) filed by the CBI cites two government orders which it claims helped the company double its production. In return, the FIR claims, India Cements invested a total of Rs 600 million (US$10.9 million) in three companies owned by Reddy. This, according to the CBI, is part of a total of Rs 1.4 billion ($25.45 million) that India Cements has invested in businesses controlled by the Reddy family.
Ultimate_Game Posted June 19, 2012 Posted June 19, 2012 No surprises there. Come on who really expects Srinivasan or Sharad Powar, or any bigwig for that matter, to be really "honest" and corruption free :winky:
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