As the announcement of schedule for assembly and Lok Sabha elections is heating up political atmosphere in Andhra Pradesh, the pro-Telugu Desam Party media are all set to come out with a “sensational” exposure of YSR Congress party president Y S Jaganmohan Reddy’s yet another alleged “quid pro quo” deal in their editions tomorrow.
According to reliable sources, Eenadu and Andhra Jyothy are mostly likely to come out with a banner story on Wednesday disclosing a letter purported to have been written by former chief of Enforcement Directorate Karnal Singh to former CBI director Alok Verma in 2017 about an alleged land deal benefitting Jagan that was done during the regime of former chief minister late Y S Rajasekhar Reddy, as a quid pro quo deal for allotting 100 acres of land to Hinduja Group.
The ED chief asked the CBI authorities to take action against the company, but the CBI remained silent on the letter, allegedly under pressure from Prime Minister Narendra Modi.
The yellow media reports are also likely to question the silence of Telangana government, too, in not cancelling the land deal despite the irregularities, indicating a close nexus among Jagan, Modi and KCR.
According to the letter written by Karnal Singh to Alok Varma on May 30, 2017 (which is likely to be published by the pro-TDP media), Gulf Oil Corporation Ltd owned by Hinduja group had been requesting the then YSR government since 2005 for allotment of 100 acres of land to set up knowledge park.
Just before 2009 elections, YSR government made the land allotment to Hindujas violating all the rules.
As a quid pro quo measure, Hinduja group registered 11.10 acres of land at the rate of Rs 4.18 per acre in the name of Yaga Associates.
Interestingly, the entire amount for the purchase of this land was borne by Hinduja group itself.
The ED, which probed the deal later, unearthed the entire exercise of routing his money through various shell companies which allegedly bought shares in Yaga Associates.
The money was transferred to these shell companies through Indu Projects owned by Shyam Prasad Reddy, a close associate of Jaganmohan Reddy and a few other Kolkata based companies, which got the money in different instalments in the name of consultancy fee etc.
The ED authorities, in their investigations, revealed that Yaga Associates was nothing but a benami firm of Jaganmohan Reddy and its address is located at the residence of YSRC MP V Vijay Sai Reddy at Koramangala in Bengaluru.
Karnal Singh mentioned the entire episode along with evidences in his letter to the CBI authorities.
“But no action has been taken by the Modi government in the last one a half years, because Vijay Sai Reddy successfully managed to get the issue hushed up by making frequent visits to the PMO.
Though the ED pointed out several irregularities in the land allotted to the Hinduja group, the present Telangana government has not taken any action to take back the land, obviously to help Jaganmohan Reddy,” the news report likely to be published by the pro-TDP media will question.
