N Srinivasan moves Hyderabad High Court to get CBI case quashed

Proceedings relate to Jagan case

Hyderabad: N. Srinivasan, former president of BCCI and vice-chairman and managing director of India Cements Limited, on Thursday moved the Hyderabad High Court seeking to quash criminal proceedings initiated by the Central Bureau of Investigation against him in the illegal investments case of YSR Congress chief Y.S. Jagan Mohan Reddy.

The CBI has named Mr Srinivasan as the third accused in the case, charging him for allegedly making investments in three companies promoted by Mr Jagan Mohan Reddy in lieu of getting India Cements’ land lease renewed in Kadapa.

Mr T. Niranjan Reddy, senior counsel appearing for Mr Challa Gunaranjan, counsel for Mr Srinivasan, informed Justice B. Siva Shankar Rao that the CBI had not filed any documents with the chargesheet to suggest how the prosecution proposed to prove their case against the petitioner.

He added that there could not be any evidence to implicate the petitioner in any offence since the petitioner had never invested in any of the ventures of Mr Jagan Mohan Reddy nor had the petitioner given any personal loans to him.

Mr P. Kesava Rao, counsel for the CBI, sought time to get instructions from the CBI and the judge adjourned the case, granting the CBI till Monday.

AP seeks Telugu varsity extension
The Andhra Pradesh government moved the Hyderabad High Court on Thursday seeking continuation of services of the Potti Sreeramulu Telugu University at its campuses located in Rajahmundry, Srisailam and Kuchipudi of AP state.

The AP government, represented by secretary to the Higher Education department, moved the plea stating that the Telugu University had issued an order on August 19, 2015, stopping extension of services in the campuses located in AP.

It was submitted that the decision of the varsity had resulted in students as well as the teaching and non-teaching staff working therein facing severe hardships. The AP government also informed the court that no salaries were being paid to the staff.

It contended that as per the provisions of the AP Reorganisation Act 2014, the assets and liabilities of the university were yet to be apportioned between Telangana and AP and before that, stopping of services to the students of the AP was illegal and in violation of Section 75 of the Act.

APOSS may operate account
A division Bench comprising Acting Chief Justice Dilip B. Bhosale and Justice S.V. Bhatt of the Hyderabad HC on Thursday permitted the AP Open School Society to operate its bank account in State Bank of India’s Chirag Ali Lane branch of the city.

The Bench granted the interim order while dealing with a plea by the society challenging the action of the Telangana government in asking the bank to freeze its account.

While permitting the petitioner to operate the account, the Bench said that the orders passed earlier by the court in respect of Board of Intermediate Education of Andhra Pradesh (APBIE) was applicable to the present case and directed the society to maintain the balance which was available on the date of freezing the accounts.

( Source : deccan chronicle )
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