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HindustanTimes Sat,30 Aug 2014

DA case: CBI completes probe, detects violations by 16 firms

PTI  New Delhi, September 24, 2013
First Published: 02:17 IST(24/9/2013) | Last Updated: 02:20 IST(24/9/2013)

CBI on Monday told the special court that it has completed the investigations into alleged quid-pro-quo investments in businesses of YSR Congress president YS Jaganmohan Reddy after going through all aspects.


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However, the investigation agency, which has filed 10 chargesheets in the case so far, pointed out that it has referred issues regarding 16 companies to Enforcement Directorate and Income Tax departments for further action after detecting some irregularities and violations.

In a memo filed before a special CBI court here, the agency said some of the issues mentioned in the FIR (filed on August 2011 against Jagan and 73 other accused) were referred to Enforcement Directorate, Income Tax Department, Registrar of Companies and Andhra Pradesh government as it could not establish quid-pro-quo angle.

"...Thus the investigation covering all the aspects referred to in the writ petition WP No 794 and 6604 of 2011 has been completed," CBI SP V Chandrasekhar informed the court in the memo.

"It is further submitted that "during the course of investigation, in respect of the following issues no quid-pro-quo could be established, however, it came to light that the overt acts, irregularities, violations committed by the firms/individuals coming udner the purview of Enforcement Directorate, Income Tax and Registrar of Companies and Government of Andhra Pradesh," the memo said.

The CBI said it could not find any quid pro quo investments against Sandur Power Company Ltd, Carmel Asia Holdings Pvt Ltd, PVP Business Ventures, Jubilee Media Communications, Classic Reality Ltd and Brahmani Infratech Pvt Ltd, RR Global Enterprises Pvt Ltd, Saraswati Power and Industries Ltd and Mantri Developers.

The CBI, however, said the matters were referred to the departments concerned for taking necessary action as deemed fit against the above private companies.

The CBI had registered FIR against Jagan and 73 others following the Andhra Pradesh High Court's order. The high court had ordered an inquiry based on a petition filed by former minister and Congress MLA P Shankar Rao and former TDP MP late Yerran Naidu.

During the course of investigation CBI filed 10 separate chargesheets against Hetero and Aurobindo Group, Individuals, Ramky Pharmacity (I) Ltd, VANPIC, Dalmia Cements, India Cements, Penna Cements, Raghuram Cements, Indu Techzone and Lepakshi Knowledge Hub (LKH).

Regarding favours shown by the Andhra Pradesh Housing Board to the accused I Shyam Prasad Reddy of Indu Projects, investigation has been completed and final report will be filed soon, the CBI said in the memo.


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