All defendants, including the chief minister and YSRCP MPs Vijasai reddy, Mopidevi Venkata Ramana, and mla Dharmana Prasada Rao, have been called to appear in court. nimmagadda prasad and Nimmagaad Prakash, two businessmen, have also been called by the court. The case names india Cements, Bharati Cement, Jagati Publication, and 12 other corporate organisations.
The lawsuit concerns alleged anomalies in the Vadrarevu and Nizampatnam ports and industrial corridor (Vanpic) project in unified andhra pradesh, which was sanctioned during the YS Rajsekhar reddy administration. In 2008, YS Jagan's father's administration inked an MoU with Ras Al Khaimah in the United Arab Emirates and Nimmagadda Prasad's Matrix Enport. According to the cbi, prasad was a major benefactor of the former YS Rajasekhara reddy government's quid pro quo arrangement to spend heavily in YS Jagan's commercial empire.
The move came just two days after the ED filed its Vanpic charge sheet.
According to the cbi, prasad invested a total of Rs 842 crore in Jagan's companies, including Rs 450 crore in Jagathi Publications, the media company that publishes the sakshi daily, Rs 252 crore in Bharati Cements, Rs 32 crore in Sandur Power Company Limited, Rs 20 crore in Carmel Asia Holdings Ltd, and Rs 28 crore in Silicon Builders.
In exchange, the ysr government gave nimmagadda prasad the Vanpic project, which is being developed as a world-class port and integrated industrial cluster. The ED has linked the project to 13,000 acres of land granted by the andhra pradesh government.
click and follow Indiaherald WhatsApp channel