YSR, Jagan Mohan indulged in systematic looting, says CBI

M/s India Cements invested Rs 5 crore in Jagan’s M/s Carmet Asia Holdings Pvt Ltd to buy shares at a huge premium of Rs 252 per share. In return, the FIR alleges, M/s India Cements got land lease renewed in Kadapa District, given permission to draw 10 lakh gallons of water from the Krishna and 13 million cubic feet of water from Kagna River.

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