According to sources from Pragati Bhavan, telangana chief minister K chandrasekhar Rao's official residence in Hyderabad, famous industrialist Bandi parthasaradhi Reddy is going to be nominated for the rajya sabha by the ruling telangana Rashtra Samithi. kcr is said to have finalised the name of parthasaradhi Reddy, the owner of pharma company Hetero drugs and a close colleague of ysr congress party president Y S jagan Mohan reddy, according to these sources.
Parthasaradhi reddy is said to have met with the chief minister and advocated for the RS ticket a few days ago. Though he is from andhra pradesh, his pharma industry in telangana has brought him closer to the state's power centre. parthasaradhi Reddy was one of the defendants in the CBI's ongoing investigation into the quid pro quo case involving Jagan. In a charge sheet presented in court, the cbi accused Parthasarathy reddy of investing in Jagan's firms in exchange for favours from the ap government during the Y S Rajasekhar reddy administration.
After coming to power in 2019, jagan awarded Parthasarathy reddy a contract to establish over 400 schools under the Nadu-Nedu plan, as well as making him a member of the tirumala tirupati Devasthanams trust board. On a tip of large-scale income tax cheating spanning a few years, the Income Tax Department raided parthasaradhi Reddy's offices and residences in october 2021. The IT authorities seized unaccounted cash worth Rs 145 crore, as well as revenue worth Rs 550 crore that had gone unaccounted for.
Parthasaradhi reddy is said to have met with the chief minister and advocated for the RS ticket a few days ago. Though he is from andhra pradesh, his pharma industry in telangana has brought him closer to the state's power centre. parthasaradhi Reddy was one of the defendants in the CBI's ongoing investigation into the quid pro quo case involving Jagan. In a charge sheet presented in court, the cbi accused Parthasarathy reddy of investing in Jagan's firms in exchange for favours from the ap government during the Y S Rajasekhar reddy administration.
After coming to power in 2019, jagan awarded Parthasarathy reddy a contract to establish over 400 schools under the Nadu-Nedu plan, as well as making him a member of the tirumala tirupati Devasthanams trust board. On a tip of large-scale income tax cheating spanning a few years, the Income Tax Department raided parthasaradhi Reddy's offices and residences in october 2021. The IT authorities seized unaccounted cash worth Rs 145 crore, as well as revenue worth Rs 550 crore that had gone unaccounted for.
