16/02/2023
Bharathi Cement Corporation Private Ltd — in which Andhra Pradesh Chief Minister YS Jagan Mohan Reddy’s family holds 49% stake, and his wife, Y.S Bharathi Reddy, is a Director — is facing an Enforcement Directorate case since 2016.
ED launched d investigation on the basis of a chargesheet filed by CBI accusing Jagan, son of then Andhra Pradesh CM YS Rajasekhar Reddy, of entering into a criminal conspiracy with others to get a mining lease allotted to Bharathi Cement Corp of which his wife was a part.
This company has been getting major government orders despite allegations of quid pro quo. - https://lnkd.in/dKiXHx8f
"Jagan received bribes from various people and companies in the guise of investments in his group companies as a quid pro quo for undue favours granted to them by the Andhra Pradesh government", the ED said in a statement in 2016.
ED said that Bharathi Cement Corp had received the 'proceeds of crime' in the form of limestone mined from the mines allotted illegally to them in Kadapa district by the then AP govt. The value of limestone works out to be more than Rs 152 crore.
ED freezed this 152-crore asset. On 26 July, 2019, PMLA Appellate Tribunal ordered the whole amount to be released to Bharathi Cement Corp and a bank guarantee to be instead deposited with ED.
This was challenged before the Telangana High Court. The High Court upheld the order and dismissed ED's petition on 27 April, 2022. ED has now appealed before the Supreme Court. This is where it gets murky.
The politically sensitive matter was listed before a 2-judge bench headed by Justice Krishna Murari and having Justice V Ramasubramanian, on 30 January this year.
An adjournment was sought and it was granted and specifically directed to be listed on 06 February.
As per this cause list dated 06 Feb, the Bench composition changed and except for any *part-heard matters*, the cases previously listed before Justice Murari and Justice Ramasubramanian, would now be heard by Murari and Justice Amanullah.
The case deleted is the ED appeal against Jagan Reddy. The reason stated is "deleted and listed in court no. 15".
Court no. 15 is of Justice Ramasubramanian. The shocking part is there was no proper reason given by the SC Registry for deleting and changing the bench itself.
The incident raises questions especially given that AP CM Jagan Reddy's Rajya Sabha MP- Sirgapoor Niranjan Reddy's son is a law clerk to Justice Ramasubramanian. Some lawyers question how and why this sudden change in judge and case going before Justice Ramasubramanian.
It is not the first time that cases have been suddenly deleted and listed before another bench. It is no secret that hands are greased and deals are struck, as is evident by this news report. - https://t.co/qR8a2YTQ2u
Research Credits: Das