» News » Jagan assets case: Haven't done anything illegal, says BCCI chief

Jagan assets case: Haven't done anything illegal, says BCCI chief

By Vicky Nanjappa
June 08, 2012 17:54 IST
The Board Of Control For Cricket In India chief and managing director of India Cements, N Srinivasan, has said that he has done nothing illegal. Srinivasan has been summoned by the Central Bureau of Investigation for questioning in connection with the Jagan Mohan Reddy disproportionate assets case.

Also read:
CBI makes Rs 135 cr link between BCCI chief and Jagan 

Srinivasan who is in Bengaluru spoke to the media outside the Karnataka Golf Association. "I will fully cooperate with the CBI because I have done nothing illegal."

 "I have given detailed responses to the CBI. Whatever rights we were given are within the industrial policies of Andhra Pradesh and hence we are confident that India Cements has done nothing wrong. As far as the company is concerned we will cooperate with the CBI and they can examine anyone they want," he said.

"We have already explained that we have purchased shares and also sold them at a high price and there is nothing untoward about this," he added.

 The CBI is also likely to question Srinivasan on Saturday in Hyderabad  The allegation is that India Cements had invested Rs 135 crore in Jagathi Publications and Bharati Cements, which are companies owned by Jagan. It is also alleged that India Cements had received favours in the form of additional water allocation.

Vicky Nanjappa