N Srinivasan gets relief in Jagan DA Case

 March 19 2016 at 11:16   301    Srinivasan Jagan DA Case Hyderabad High Court CBI

N Srinivasan gets relief in Jagan DA Case

Hyderabad High Court dismissed the case filed by CBI against India Cements Ltd MD N Srinivasan in connection with YS Jagan's disproportionate assets case.

In its charge sheet, CBI accused N Srinivasan of involvement in criminal conspiracy to receive undue benefits as part of the quid-pro-quo deals during late YS Rajasekhar Reddy's tenure as CM. The Investigation Agency alleged N Srinivasan invested Rs 140 crore in YS Jagan's companies such as Jagathi Publications, Bharati Cements and Carmel Asia.

Justice Siva Shankar Rao ruled that CBI failed to prove N Srinivasan entered into a criminal conspiracy and quashed the case.

N Srinivasan is the former BCCI President and the owner of IPL franchise Chennai Super Kings.

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