CBI Arrests Nimmagadda Prasad alias Matrix Prasad. CBI took him for interrogation today and in the evening they arrested him under sections 120-B,420,409,428,477-A sections. It may be difficult to get bail under these sections as per legal experts.
He invested more than Rs.504 crores in Jagan in “Quid pro quo” scheme devised by YSR. Matrix Prasad got more than 14000 acres from YSR Government. He is accused no 12 in Jagan illegal assets case.
He started his career in 1984 as Management trainee in a Delhi company. In 2000, he started Heren drugs which was renamed as Matrix Labs and since then he is known to public as Matrix Prasad.
Matrix Prasad is also a major share holder in "maa" tv.
Along with Prasad, IRS Officer Brahmanda Reddy too is arrested. CBI is to officially confirm these arrests shortly after producing the accused before a judge. CBI is also searching for clues at Brahmanda Reddy's house. Brahmanda Reddy is the officer who issued most of GO's as part of Quid pro quo scheme beniftiing YSR - Matrix Prasad nexus.
