The case pertains to alleged investments made by various private firms and individuals to a tune of several crore rupees in Jagan's businesses, (named as accused number 1) as part of quid-pro-quo arrangement in exchange for alleged favours by the erstwhile YSR Rajasekhara Reddy government.
Senior IAS officers Ratna Prabha and B P Acharya,Industralist Nimmagadda Prasad, among other accused in the charge sheet also appeared before the court.
According to CBI, Indu Techzone Pvt Ltd was alloted 250 acres of land at Shamshabad here by the AP government when Jagan's father late Y S Rajasekhara Redddy was the Chief Minister, and in return, the company invested Rs. 15 crore in Caramel Asia Holdings Pvt Ltd.
The CBI has accused Jagan of amassing huge wealth through illegal means by misusing the office of YSR when he was the chief minister of Andhra Pradesh between 2004 and 2009.