The property dispute between YSR Congress occasion president YS Jagan Mohan Reddy and his sister Y S Sharmila continued to escalate on Saturday with the Andhra Pradesh Congress Committee (APCC) president reiterating her “respectable proper” on the properties owned by her brother.
The authorized battle between the siblings started when former chief minister Reddy filed a petition earlier than the Nationwide Firm Legislation Tribunal (NCLT) accusing his sister and state Congress chief Sharmila of illegally transferring shares of Saraswati Energy and Industries Non-public Restricted, which have been held by him and his spouse YS Bharathi, in her and their mom Vijaya Lakshmi’s title. The plea, seen by HT, is anticipated to come back up earlier than the tribunal for listening to on November 8, individuals conversant in the matter stated.
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Amid the escalating property dispute, YSRCP MP and Sharmila’s uncle YV Subba Reddy claimed on Saturday that the businesses in query are solely owned by Jagan, and Sharmila was by no means a shareholder. He added that these firms have been established throughout the tenure of her father YSR, who didn’t designate her as a shareholder.
Responding to the declare at a press convention, Sharmila stated: “If Jagan had any religion within the god, ought to take an oath on his youngsters and say whether or not I had equal rights within the properties owned by him.”
She added: “Subba Reddy was very a lot conscious that YSR had requested Jagan to present me equal share in his firms, together with Bharati Cements and Jagati Publications. Jagan, too, had given a dedication to the daddy on this regard, however has now taken a U-turn”.
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Sharmila puzzled why Jagan had signed an MoU transferring the shares in his firms to me, if I had no proper in his properties. “Any individual would give a saree or a gold chain to his sister as a present out of affection and affection, however not a share in his properties. He was compelled to present 40% shares within the firms as a result of I’ve a respectable proper within the properties,” she stated.
The Congress chief reiterated that the shares of Saraswati Energy and Industries weren’t beneath the attachment of the Enforcement Directorate and therefore, Jagan had signed the reward deed transferring the shares. When the shares have been transferred of their mom’s title, he was alleging that it was carried out solely to get his bail cancelled, she stated.
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“It clearly exhibits that to be able to defend himself, Jagan can go even to the extent of dragging his personal mom to the courtroom. She didn’t utter a phrase towards him however should be repenting for giving start to such an individual,” she stated.
Earlier, Subba Reddy alleged that the continued controversy surrounding the property was an try by Sharmila, beneath the affect of Telugu Desam Get together president and chief minister N Chandrababu Naidu, to undermine Jagan.
“The current authorized motion taken by Jagan on the Nationwide Firm Legislation Tribunal was not for reclaiming property however solely to stop authorized issues. “The MoU clearly specified that he had supposed to share a few of his self-acquired property with Sharmila out of affection, which Sharmila and Vijayamma signed,” he stated.
