The Central Bureau of Investigation (CBI) probing the quid-pro-quo investments case against YSRC leader Y.S. Jaganmohan Reddy filed one more charge-sheet on Tuesday naming Ongole MP Y.V. Subba Reddy, IAS officer S.N. Mohanty and V.V. Krishna Prasad, son of former Home Minister Vasanth Nageswara Rao among the list of 14 accused.
In its 11th charge-sheet filed in the Principal Special Court for CBI Cases here, the CBI accused Mr. Jagan of influencing the then government headed by his father YSR to allot 70 acres of prime land to Indu Projects Ltd at two places in the city at throw away prices. In return, the CBI said I. Syam Prasad Reddy, promoter of Indu Projects, had invested Rs. 70 crore in Carmel Asia Holdings Pvt. Ltd owned by Mr. Jagan.
Official sources told The Hindu that Indu Projects was allotted 50 acres at Kukatpally, adjacent to KPHB, and 20 acres at Gachibowli belonging to the AP Housing Board in 2008-09, when S.N. Mohanty was its Vice Chairman and Managing Director. Allotment of land to Indu Projects was also proposed at two more places but it did not materialise. Mr. Subba Reddy, who is a close relative of Mr. Jagan, has been accused of using his clout with the government in the Indu Projects getting the land allotted.
He was a shareholder in Vasantha Projects Ltd which was given a housing project for the middle income group by Deccan Infrastructure and Land Holdings Limited (DILHL), a subsidiary of APHB, in the lands belonging to APHB.
Similarly, Mr. Krishna Prasad has been named accused by virtue of being the promoter of Vasantha Projects. A consortium of Embassy Property Development Company Ltd and Indu Projects was also given a housing project by DILHL and Jitendra Virwani has been named accused as the Chairman of Embassy Property. Other housing companies also made it to the accused list for on the charges of getting projects on quid-pro-quo basis.
