Andhra Pradesh: Lookout Circular Against YSRCP MP Vijayasai Reddy, 2 Others In Kakinada Shares Case
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2 weeks, 4 days ago

Andhra Pradesh: Lookout Circular Against YSRCP MP Vijayasai Reddy, 2 Others In Kakinada Shares Case

ABP News  

A lookout circular has been issued against Rajya Sabha MP Vijayasai Reddy along with his son-in-law Sarath Chandra Reddy and YV Vikrant Reddy, the son of another YSRCP MP YV Subba Reddy. The notice was issued amid allegations that there was a forceable acquisition of majority shares of Kakinada Sea Ports Limited and Kakinada Special Economic Zone. A Hyderabad-based businessman has alleged that Jagan Mohan Reddy forcibly acquired his shares in the Kakinada Port and Kakinada Special Economic Zone at significantly undervalued prices. The complaint further alleged that Vikranth Reddy, who approached Rao with a request to transfer the shares, claimed the transaction was being carried out on behalf of former Chief Minister YS Jagan Mohan Reddy.

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