An Supreme Court bench comprising Justice K M Joseph and Justice Hrishikesh Roy refused to accept the argument that the trial court had erred in not mentioning adequate grounds in its cognisance order. On the other hand, it said, there was enough material in the charge-sheet against the company and its director which could not be brushed aside.
The investment by Hetero in Jagan firms was done on the same day when the state of Andhra Pradesh under then chief minister, the late YS Rajasekhara Reddy, allotted land to Hetero at Jadcherla SEZ, the bench said quoting CBI’s charge-sheet in the case.
“If you feel that you are innocent and that the CBI has filed a case against you without adequate grounds, better prove the same before the trial court. You have to necessarily face the trial,” the bench said before dismissing the pleas of the company and director Srinivas Reddy.
Earlier, both the CBI court and the HC had also dismissed similar pleas which was challenged by the company and Reddy in the SC.