Our Facebook Page www.facebook.com/pages/A-Common-Man-and-Politics/166181416787187
The Hindu mythology and puranaas are well known as Jagannatakam created by god. It is really very difficult to screenplay such a Huge Story with thousands of characters without single flaw and those who does it is definetly God.
In the similar way Mr.Jagan Mohan Reddy floated number of companies with different names and made sure that he is not doing any visible stitch according to the companies law. Unfortunatley he is human and humans does make mistakes.Who ever is the master mind behind the whole story,definetly takes a bow.
Below is a simple image which would give you a brief about how money flow has taken place into different Jagan's companies. I could not explain all the companies but here I will try to explain about Jagathi publications(Sakshi News Paper) and Nimma Gadda Prasad's Investments in Jagathi.
This Jagannatakam has become Jagamerigina naatakam as most of the people in Andhra Pradesh now know about the CBI's primary investigation on Jagans's assets.Jagan has not voilated any law on paper in starting these companies or attracting the investors. In short Jagan started a company called JAGATHI PUBLICATIONS prepared a project plan convinced the investors that this company would have great future and attracted investments. NIMMA GADDA PRASAD knows as Matrix Prasad(Founder, Matrix Laboratories Limited) has bought 19,44,441 shares at a cost of Rs.350 per share even though the market value was Rs 10 per share. Around the same time, VANPIC Ports Pvt. Ltd, a company in which Prasad and the Ras al-Khaimah Government are partners, was allotted the rights to develop Chirala, Vodarevu and Nizampatnam port projects in Andhra Pradesh on a build-operate-transfer basis.
Interestingly, technically there is nothing wrong in Prasad investing in Jagathi and Goverment alloting lands to Prasad's compnay but circumstantially now it has to be proved that Goverment alloted lands to Prasad only because of investments.
This is just one small portion of it there are dozen's of companies that invested in Jagan's group of companies and were benifited by the then Government of Andhra Pradesh. If the later is proved then the story might be different.
If at all YSR was alive nothing would have happened. Goverment favoured some companies, inturn expected them to invest in Jagan's Companies, this is megerly HITECH Corruption only if proved.
Suggest your views and give your comments on what has to be done to prevent the misuse of power in future. Your comments and suggestions will not go in vein. They will be addressed and we will try to the best of our abilities to send these comments to the concerned Minister.
Our Facebook Page www.facebook.com/pages/A-Common-Man-and-Politics/166181416787187
Our Topic for Tommorrow is "బందీ" గా రాష్ట్రం on Bandh's
No comments:
Post a Comment