BCCI ex-chief Srinivasan faces another googly, charged in Jagan assets case -Governance Now

BCCI ex-chief Srinivasan faces another googly, charged in Jagan assets case

Agency probe found Srinivasan's India Cements was major beneficiary of the largesse given by then Y S Rajasekhara Reddy government

Dinesh Akula | September 10, 2013

There is more trouble from the legal front and staring embattled BCCI boss N Srinivasan right in his face. Adding to the woes of the once-powerful-now-beleaguered official, the CBI today named him as one of the accused in the disproportionate assets case against Y S Jaganmohan Reddy.The investigating agency today filed three charge-sheets in the case one of which pertained to the India Cements alleged quid pro quo scandal. The CBI named the sidelined chief of the cash-rich cricket body as the fifth among a list of nine accused.

Srinivasan is already on a sticky wicket thanks to all troubles, stemming from the recent spot-fixing scandal. The alleged involvement of his son-in-law Meiyyappan in the scam and the conflict of interest criticism as the owner of IPL franchise Chennai Super Kings landed him deeper in pits. As a clear fallout, he had to reluctantly make way for an interim board chief.

But the fresh bolt striking him from the legal front is likely to hamper his moves to bounce back as the BCCI president. The CBI had questioned Srinivasan on a few occasions in Hyderabad in connection with the India Cements case.

The investigating agency found in its probe that India Cements was a major beneficiary of the largesse given by the then Y S Rajasekhara Reddy government. The investigating agency found out that the firm had invested about Rs 140 crores in Jagan’s businesses in exchange for a slew of benefits received from the YSR government.

Interestingly, the three CBI chargesheets filed today did not have a mention of Andhra Pradesh minister Ponnala Lakshmaiah. Lakshmaiah was one of those questioned by the CBI as he was the major irrigation minister when India Cements received a slew of benefits from the YSR government.

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