YSRC chief Jaganmohan Reddy is facing corruption charges, we all are aware of it. Apart from Central Bureau of Investigation (CBI), Enforcement Directorate is also looking into the case. If we look at the news what Enforcement Directorate argues about Jaganmohan Reddy-
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Jaganmohan Reddy's income was in lakhs in 2004 and by the time of his father's death in 2009, the assets value mounted to Rs. 43,000 crore
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In 2003-04, Jaganmohan Reddy showed his IT returns as 9.9 lakh but in an affidavit submitted to the election commission in 2009, he showed that his assets value was Rs. 77 crore
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Jagan had set up many companies to divert the ill gotten money. So far 36 companies were brought to light
The Enforcement Directorate, which is also probing the alleged ill gotten money of Jaganmohan Reddy, has said that Jagan was like Gajini who looted the country. It has mentioned that Jagan cleverly diverted the bribes of corporate companies in the form of investments in his companies.
These arguments of Enforcement Directorate have now become the talk of the town. The observers said that it would surely effect the future of YSRC!
(AW Phani)
