Srinivasan grilled again
By Express News Service - HYDERABAD
24th June 2012 10:08 AM
Cricket board chief and India Cements managing director N Srinivasan was questioned for the second time by the CBI on Saturday for about eight hours in connection with the illegal assets case against Kadapa MP YS Jagan Mohan Reddy.
The CBI, which had questioned Srinivasan for seven hours on June 18, asked him to present himself again on Saturday. He walked into the CBI’s makeshift office at Dilkusha guest house at 10 am and was grilled till 5 pm.
When asked about the investment made by India Cements in Jagan’s firms, he said it was in ‘’purely business interest’’ and there was no quid pro quo arrangement.
In his earlier interrogation too Srinivasan had denied any wrongdoing by his company.
‘’Srinivasan did not come out with convincing replies to some queries in the first round of questioning and was therefore summoned again today,’’ sources in the CBI said and added that there was likelihood of his being summoned again in the next few days.
The agency had already quizzed Ponnala Lakshmaiah, the then irrigation minister and present IT minister, for over eight hours as the GOs were issued during his stint in the irrigation department.
The agency alleges that India Cements was given huge allocations of water to its plants in Ranga Reddy and Nalgonda districts from Krishna and Kagna rivers by the YSR government.
The allocation to the Nalgonda plant was enhanced from 3 lakh gallons to 10 lakh gallons a day, and to the other plant from 3 lakh gallons to 13 lakh gallons per a day.
The CBI is also probing whether the YSR government, while allocating water, violated the Bachawat tribunal award on sharing of Krishna water between Andhra Pradesh and Karnataka. For the favours it received, the CBI alleges, India Cements invested about Rs 135 crore in Jagati Publications and other firms owned by Jagan.
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