Comments
Mr N. Srinivasan, Managing Director of India Cements Ltd and Chief of Board of Control for Cricket in India, appeared before the Central Bureau of Investigation here on Monday.
The investigating agency questioned Mr Srinivasan for over six hours at the Dilkusha Guest House, its temporary office here, in connection with the illegal assets case of Kadapa MP, Mr Y.S. Jaganmohan Reddy.
Mr Srinivasan was quizzed on the alleged investments made in companies promoted by Mr Reddy, including Bharathi Cements, in return for ‘favours’ in the allotment of water and mining leases, according to sources.
The CBI has so far filed three chargesheets in the case and arrested four accused, including Mr Jaganmohan Reddy, who is also the President of YSR Congress Party.
Meanwhile, India’s Cements’ scrip declined 1.23 per cent to end at Rs 80.10 on the Bombay Stock Exchange on Monday.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.