A Central Bureau of Investigation court on Tuesday and Wednesday heard the arguments of the investigating agency on framing of charges against accused in the first of the 11 charge sheets filed in the quid pro quo cases against YSR Congress president Y.S. Jaganmohan Reddy.
The special public prosecutor, K. Surender who presented the arguments, said the earning of money by the accused in a short time was fit for case study in the famous Harvard Business School. He said enormous corruption and illegalities went into investments in Jagan’s entities by companies that cornered government benefits when his father Y.S. Rajasekhara Reddy was the Chief Minister. Huge investments, flouting norms, were made in Jagati Publications though it was a Rs. 350-crore loss-making firm.
Mr. Surender, who also argued on the discharge petition of Hetero Pharma, said the company invested within seven months of getting government benefits.
It was given land in the special economic zone at Jadcherla at Rs. 7 lakh an acre though the price fixation committee of the government fixed the price at Rs. 15 lakh an acre. Hetero and Aurobindo Pharma were among the accused in the first charge sheet.
