SAKSHI SCAM: Jagan conspired with YSR, others in granting of favours - CBI!!

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August 19, 2011 / PTI, Hyderabad / DC.

The CBI has alleged that Kadapa MP Y.S. Jaganmohan Reddy conspired with his father late Y.S. Rajasekhara Reddy and other individuals and companies to 'cheat the government of Andhra Pradesh in the matter of granting certain favours'.

In its FIR in the case related to Jagan, a copy of which was filed in a special court here, the CBI charged that he 'exercised his influence' on his (late) father, then chief minister, and also 'unknown public servants' of the state government, who in turn abused their official positions by corrupt or illegal means and issued orders favourable to many companies.

The charges relate to criminal conspiracy, cheating, criminal breach of trust, falsification of accounts and criminal misconduct, according to the FIR.

"As a quid pro quo, those companies, other unknown companies and unknown persons invested several crores of rupees in Jagati Publications, Sandur Power Company Limited, Carmel Asia Holdings, Bharathi Cement Corporation Ltd and other companies promoted by Jaganmohan Reddy at a huge premium," the CBI FIR said.

The agency filed the case against Jagan and others based on a directive of the Andhra Pradesh High Court that disposed of a petition filed by current Textile Minister P Shanker Rao, into which TDP leaders K. Yerran Naidu and Yanamala Ramakrishnudu impleaded.

Full Story at,

http://www.deccanchronicle.com/channels/nation/south/jagan-conspired-ysr-others-granting-favours-cbi-979

Andhra: Congress loses contest for YSR legacy!

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HYDERABAD: Jagan Mohan Reddy’s victory by 5.47 lakh votes in the Kadapa byelection has left the ruling Congress shell-shocked in AP. Although the outcome was widely anticipated, the margin of victory broke like a clap of thunder over the state.

While Congress leaders insist they anticipated the defeat, so what’s the big deal, the margin and manner of victory have put paid to the Congress’ hopes of ever wresting the legacy of Y S Rajasekhara Reddy from the grasp of his son. But even more worrisome to them is the fact that Jagan pitched the by-poll as a contest between Sonia Gandhi and his father, and Madam came up a distant second in the hearts of Kadapa voters.

Jagan Mohan fought the by-poll on the slogan of self-respect vs arrogance. The self-respect he arrogated to himself, and the arrogance he pinned on the Congress high command. The young leader’s spiel boiled down to this: Just a year after the death of YSR, his son and mother were hounded out of the Congress, his family was divided by bribing his brother Y S Vivekananda Reddy with a ministry, and the late benefactor’s welfare programmes were thrown out.

Full Story at,

http://expressbuzz.com/states/andhrapradesh/andhra-congress-loses-contest-for-ysr-legacy/274584.html