CBI names senior Andhra minister in Jagan charge sheet

All the four held different portfolios in the cabinet of Jagan's father Y.S. Rajasekhara Reddy between 2004 and 2009. The CBI has charged them with issuing orders in violation of rules to favour companies which invested in Jagan's businesses.

In the two charge sheets filed Tuesday, the CBI named Jagan, his financial advisor Vijay Sai Reddy, promoter of Indu Group Shyam Prasad Reddy, senior Indian Administrative Service (IAS) officers Ratna Prabha, Sam Bob, M. Samuel and suspended IAS officer B. P. Acharya, LKH, its managing director Srinivas Balaji and Jagati Publications owned by Jagan.

Both the charge sheets relate to quid pro quo investments in Jagan's companies. The CBI has charged Indu Group with investing Rs.70 crore in Jagan's companies for the alleged favours it received when his father was the chief minister.

The government had allotted 8,848 acres of land to Indu Group, an infrastructure firm, in Anantapur district for developing the LKH, an industrial park. Indu Group was also allotted 250 acres of land at Shamshabad on Hyderabad outskirts for the Indu Tech Zone.

The CBI had last week filed three charge sheets against three cement companies, which made quid pro quo investments in Jagan's firms.

Jagan, who is MP from Kadapa, is in jail since May last year. His bail petition is likely to come up for hearing Wednesday.