CBI court principal special judge, N Balayogi, on Friday had accepted the eleventh Chargesheet on illegal assets case of YS Jagan Mohan Reddy. The chargesheet is regarding the Indu-Andhra Pradesh Housing Board land scam case and directed issuance of summons to all the accused including YSR Congress president YS Jaganmohan Reddy, his auditor Vijay Sai Reddy, industrialist I Syam Prasad Reddy, Jagan’s relative Y V Subba Reddy and senior IAS officer S N Mohanty and directed them to appear before the court on December 19.
This will be the first ever appearance in court of Jagan regarding this case. CBI has charged all the accused with offences like cheating, criminal conspiracy and criminal breach of trust and also under the provisions of the Prevention of Corruption Act.
It is alleged that industrialist Syam Prasad Reddy, the MD of Indu Projects Ltd got more than 135 acres of prime government land worth Rs 1,500 crore in Greater Hyderabad, when Jagan’s father, the late YS Rajasekhara Reddy was the CM. The agreement was to develop villas in a joint venture with the AP Housing Board. Syam Prasad Reddy did not made some investments in firms belonging to Jagan and gave a Rs 25 crore worth two-acre plot in Gachibowli to his relative Y V Subba Reddy as quid pro quo. The 135 acres of plots were sold away without constructing any villas d and in some cases without even developing the land.
