Jagan Reddy In Deep Waters In Row Over Kakinada Port Shares Sale, Party Says "Vendetta"
NDTV
A First Information Report, or FIR, has been filed against the YSRCP boss and his colleagues on basis of a complaint by Karnati Venkateswara Rao, Chairman and Managing Director of KSPL.
Ex-Andhra Pradesh Chief Minister Jagan Reddy and members of his YSR Congress, including Rajya Sabha MP Vijaysai Reddy, have been accused of illegally acquiring 41.12 per cent of shares in Kakinada Seaport Private Limited (KSPL), and 48.74 per cent in Kakinada Special Export Zone (KSEZ), for Rs 500 crore in 2020/21, when they were worth over Rs 3,600 crore.
A First Information Report, or FIR, has been filed against the YSRCP boss and his colleagues on basis of a complaint by Karnati Venkateswara Rao, Chairman and Managing Director of KSPL.
The shares, he alleged, were 'bought' by the YSRCP leaders - and routed via a company called Aurobindo Realty (now Auro Infra) - through "cheating, criminal intimidation, and conspiracy".
