The Central Bureau of Investigation (CBI) has filed a chargesheet against Kadapa MP YS Jagan Mohan Reddy and 12 others, including a couple of Hyderabad-based pharma companies that had invested into his firms, in a case of alleged quid pro quo arrangement for obtaining largesse and benefits from the state government when his father was the chief minister.
The investigative agency framed the charges against him under Sections 120-B r/w420,m 409, 420, 477-A of Indian Penal Code (IPC) that deal with criminal conspiracy and criminal breach of trust among other offenses and also under Section 13(2) r/w13(1)(c) and(d) of Prevention of Corruption Act, 1988.
It may be recalled that the CBI had registered a case against Jagan and 73 others in August, 2011, after the Andhra Pradesh high court ordered a CBI probe into the aspects of financial misdeeds involving government largesse, corporate dealings including investments made into his firms.
The CBI has named Aurobindo group along with Aurobindo Pharma managing director K Nityananda Reddy, Hetero group along with its director M Srinivas Reddy among the other accused in addition to Jagathi Publications and Janani Infrastructure, promoted by Jagan, which had received investments from these companies as accused in the chargesheet.
The Andhra Pradesh Industrial Infrastructure Corporation (APIIC) had allotted 75 acres of land each to Aurobindo Pharma and Hetero in a pharma park without following due process and also at arbitrary rates at the behest of then chief minister Y S Rajasekhara Reddy.
