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Jagan Reddy to move SC in assets case

Last Updated: Tuesday, August 16, 2011 - 10:36

Zeenews Bureau

Hyderabad: YSR Congress chief YS Jagan Mohan Reddy is all set to move Supreme Court on Tuesday against a High Court order that directed the CBI to investigates his assets.

Speaking to mediapersons, Jagan maintained that there were no irregularities in the investments made into his companies Jagati Publications or Bharati Cements.
“All those who had invested made a lot of money. It was India Cements, Dalmia Cements, his friend N Prasad (Matrix Laboratories) and French cement biggie Vicat who had invested in Bharati Cements and made a lot of money in the bargain,” he said, substantiating his argument that the investments made in his companies were not a gesture of thanksgiving to YS Rajasekhara Reddy by those who had received government land. “India Cements and Dalmia Cements had invested about 95 crore each and made ut po Rs 150 crore each. Similarly, Prasad had invested Rs 265 crore and made Rs 550 crore.”

Alleging that the investigations against him are a part of a Congress’ game plan to unsettle him in the state, the young leader said, “God is there. He will protect me.”

Earlier yesterday, Jaganmohan hit out at the Congress and said that his father’s legacy is being tarnished and that the Centre has unleashed a witch hunt against him.

Speaking to a news channel, Jagan - dubbed as India’s richest MP- said that he is helpless, alone and young and is being targeted for resigning from the party. “I was shown I-T notices after the death of my father,” rued Jagan.

Jagan is the son of Congress stalwart and former chief minister of Andhra Pradesh, late YS Rajashekhara Reddy who died in a helicopter crash in September 2009.
Taking on the Congress, Jagan said that his father’s reputation is being deliberately tarnished. He said, “This is what you do to a man who was with you for 30 years? You are attacking a dead man, this is witch hunting.”

First Published: Tuesday, August 16, 2011 - 10:36

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