March 2012: Comptroller and Auditor General (CAG) alleged that the state had lost Rs 1 lakh crore revenue through favours granted to land and construction companies by Jagan. CBI report said Jagan's auditor V Vijay Sai Reddy had manipulated the valuation reports of Carmel Asia and Jagathi Publications to enable them to sell the shares at a premium of Rs.350 per share.
CBI DIG H. Venkatesh informed the Supreme Court that “India Cements made illegal quid pro quo investments to the tune of Rs 140 crore into the group companies of Y.S. Jagan Mohan Reddy". In return, they received benefits such as permission to draw extra out-of-norm water from rivers and lease of land.
Timeline of Jagan Mohan Reddy's DA case, jail and then bail
Hyderabad: YSR Congress leader Jagan Mohan Reddy's disproportionate assets case began with a petition filed by former state minister P Shankar Rao, who had alleged that Jagan had amassed wealth to the tune of Rs.43,000
Read all the Breaking News Live on indiatvnews.com and Get Latest English News & Updates from India and National Section
Advertisement
Advertisement
-
ED raids Punjab Minister Sanjeev Arora in money laundering probe, CM Bhagwant Mann targets BJP
-
Parliament Monsoon Session: Travesty to pass bills when no-confidence motion pending, says Congress
-
Amid Opposition's unity bid, BJP's counter-strategy of key inductions ahead of 2024 polls
-
Chirag Paswan to meet Amit Shah in Delhi, return to NDA on the cards?
-
On PM Modi's jibe at Patna meeting, TMC says 'It's you who is leading largest opposition party'
Top News
-
Air Marshal Jeetendra Mishra, ex-Western Air Command chief, named Ayodhya Ram Temple Trust CEO
-
'Reprehensible act of vandalism': India condemns demolition of 100-year-old Hindu temple in Pakistan
-
'Trump Strait': US President floats idea of renaming Strait of Hormuz after himself amid Iran war
-
'He's so sweet, down-to-earth': Isha Rikhi's old comments on Badshah resurface after separation
Advertisement
Advertisement