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‘Jagan Reddy has laundered ₹43,000 crore,’ TDP brings Andhra CM’s demons out of the closet

Abhinav Singh by Abhinav Singh
1 June 2021
in Trending
Jagan Mohan Reddy, TDP, Andhra Pradesh

(PC: ThePrint)

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Andhra Pradesh Chief Minister YS Jagan Mohan Reddy trended on Twitter throughout Tuesday afternoon as the netizens and the main opposition party in the state TDP brought his old demons out of the closet. Reportedly, the YSR Congress leader is the prime accused in over ten charge sheets filed by CBI and ED of disproportionate assets cases worth over Rs 43,000 crore.

TDP led the charge in trending the #VijayMallyaOfSouthYSJagan on Twitter and dubbed Jagan Mohan Reddy as the biggest scamster of India for laundering crores of tax-payers money through shell companies and later pumping it into his personal enterprises like Jagati Publications, Sakshi news channel, to name a few.

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తన తండ్రి అధికారాన్ని అడ్డుపెట్టుకుని అవినీతికి పాల్పడి 43 వేల కోట్లు దోచుకున్న వైఎస్ జగన్ మోహన్ రెడ్డి పై సీబీఐ, ఈడీల దర్యాప్తు కొనసాగుతోంది.(1/2)@PattabhiRamK1 #VijayMallyaOfSouthYSJagan pic.twitter.com/sw16FvQvW2

— Telugu Desam Party (@JaiTDP) June 1, 2021

Lokesh Nara, General Secretary of TDP shared a series of posts where Jagan Mohan Reddy’s corruption escapades were discussed on the international platform as one of the biggest scams ever pulled by a political leader.

India was shamed on the global stage because of the magnitude of corruption carried out by @ysjagan during 2004-09. He continues to loot AP in his role as CM. Nothing changed. #VijayMallyaOfSouthYSJagan pic.twitter.com/4N2wh2vmBZ

— Lokesh Nara (@naralokesh) June 1, 2021

He also shared an info graph where the schematic of Andhra CM’s numerous companies that he purportedly formed to launder the money was represented.

An intricate maze of investors and offshore companies were created by A1 @ysjagan and A2 on Quid Pro Quo basis to launder money. Here's a glimpse at the shocking Money Trail #VijayMallyaOfSouthYSJagan pic.twitter.com/j5oj9EKga8

— Lokesh Nara (@naralokesh) June 1, 2021

It is imperative to note that the CBI first started investigating the case following a High Court order on August 10, 2011, based on a petition filed by former state minister P Shankar Rao, who had alleged that Jagan had amassed wealth to the tune of Rs 43,000 crore during the regime of his father Y S Rajsekhara Reddy between 2004 and 2009.

With scams to the tune of Rs. 43,000 crores, @YSJagan has built huge palaces worth Rs. 6000 Crores across 3 states #VijayMallyaOfSouthYSJagan pic.twitter.com/mBdSc8zbQv

— Lokesh Nara (@naralokesh) June 1, 2021

These are the group of companies which were used by @ysjagan to route Rs. 43000 Crores siphoned off via Money Laundering & Quid Pro Quo arrangements. #VijayMallyaOfSouthYSJagan pic.twitter.com/kt9wj07fG1

— Lokesh Nara (@naralokesh) June 1, 2021

It is alleged that Jagan Reddy’s income rose from a measly Rs 11 lakhs in 2004 to Rs 43,000 crore by the time his father died.

According to a Business Line report, the entire amount was diverted illegally into various companies belonging to the Pulivendla MLA, which resulted in the loss of public money. The CBI arrested Jagan and sent him to jail on May 27, 2012. After 16 months in jail, he was granted bail.

Upon his election in May 2019, the Andhra CM had filed a petition before the CBI court seeking complete exemption from personal appearance, citing the busy schedule of a constitutional post and wastage of public money for his weekly trips from Amaravati to Hyderabad. The court had, however, rejected this plea and instead ordered him to seek exemption whenever necessary.

Last year in January, for the first time, Jaganmohan Reddy appeared before the CBI Special Court in his capacity as the CM of Andhra Pradesh. He had successfully managed to avoid appearing in the court up until the point.

The trial is still to begin in the courts which explains how Jagan Mohan Reddy through his power network has so far managed to avoid facing the music by tangling the entire judiciary process. The media has been appallingly silent on the issue as the case continues to loiter between the High Courts and the CBI while Jagan Mohan Reddy roams as a free man.

Tags: Andhra PradeshJagan Mohan ReddyTDP
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Comments 2

  1. Ramit says:
    4 years ago

    TDP is as much corrupt as YSRC, if not more. NCBN was also highly corrupt. It’s true YSR was an extortionist but TDP has no right to call others out .

    Reply
  2. Bala says:
    4 years ago

    It is a sad plight that no criminal case has been going on for so long.

    Reply

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