The notices issued by the Mauritius government to Indian government seeking to move the International Court of Justice for arbitration in the case of investments in InduTech special economic zone on the city outskirts has given much needed fodder to the yellow media to target YSR Congress party president Y S Jaganmohan Reddy.
Though Jagan has absolutely no link to the case between Mauritius and InduTech, the media went overboard in dragging his name into the case, just because promoter of the SEZ Shyam Prasad Reddy has invested in Sakshi, like any other investor.
The SEZ issue is part of the quid pro quo cases filed by the CBI and mentioned in the charge sheet against Jagan’s alleged disproportionate assets case.
Shyam Prasad Reddy had allegedly mortgaged the SEZ land to raise loans and laundered part of it.
With the CBI probing the case, Carissa Investments LLC of Mauritius, which holds 49% stake in InduTech Zone, through FDI, approached the Mauritius government, which took up the case for arbitration.
The Mauritius government took up the case under a bilateral treaty for protection of investments.
The legal notice was served by the Mauritius government in the name of Prime Minister Narendra Modi, finance minister Arun Jaitely and others stating that Carissa LLC has been cheated.
Jagan’s name is no way mentioned in the case, except for the reference to the CBI case.
The YSRC leaders are suspecting that TDP president N Chandrababu Naidu, who regularly visits Mauritius, might be behind the notice to InduTech, only to malign Jagan’s image at a time when the Opposition leader raised his pitch for special category status, thereby embarrassing the Naidu government.