Rs 55 cr invested in Jagan companies through hawala: CBI
Posted on: 07:22 PM IST Apr 09, 2013
New Delhi: Dalmia Cements, named as accused in the CBI chargesheet in disproportionate assets case against Jagan Mohan Reddy, has allegedly invested Rs 55 crore through hawala route in the cement companies promoted by the YSR Congress chief. CBI sources claimed they have got money trail of Rs 55 crore which were allegedly invested by Dalmia Cements in Jagan's company through hawala routes in return for favours received from the state government headed by his father YS Rajasekhara Reddy, popularly known as YSR.
They said Andhra Pradesh Home Minister Sabita Reddy, who was the Mines Minister in YSR cabinet had allegedly overlooked norms and rules to extend mining leases to Dalmia Cements as quid pro quo for the investments.
They claimed they have managed to establish that off the total Rs 95 crore allegedly invested by Dalmia Cements in companies promoted by Jagan over Rs 55 crore were invested through hawala channels in Raghuram Cements which was later renamed as Bharti Cements. CBI has mentioned these details in its charge sheet filed on Monday at a special court in Hyderabad.
The agency filed its fifth charge sheet before a Special CBI Court here naming Jagan and 12 other individuals including Sabita Reddy besides firms including Dalmia Cements. Sabita is the third minister from the state to figure in five charge sheets filed by CBI in connection with properties allegedly amassed by Kadapa MP YS Jagan Mohan Reddy which were disproportionate to his known sources of income.
Others made accused include Jagan's aide Vijay Sai Reddy, Vice-President Dalmia Cements Punit Dalmia, IAS officer Y Sri Lakshmi and the then Director Mines in Andhra Pradesh VD Raja Gopal.