kakinada-port-case-vijay-sai-reddy

The Enforcement Directorate (ED) has issued notices to YCP MP Vijaya Sai Reddy in connection with the Kakinada Port Scandal case. Along with him, notices were served to Y.V. Subba Reddy’s son Vikrant Reddy, Vijaya Sai Reddy’s son-in-law’s brother, Aurobindo chairman Sharath Chandra Reddy, and representatives of Vijaya Sai Reddy’s nominee company, PKF Sridhar and Sons LLP.

The notices were issued for allegedly snatching shares in Kakinada Sea Port Limited and Kakinada SEZ during YCP’s regime in Andhra Pradesh. The accused have been asked to attend the investigation.

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The ED began its primary investigation following the Andhra Pradesh CID’s FIR and uncovered evidence of large-scale money laundering in the case. Consequently, it filed an Enforcement Case Information Report (ECIR) under the Prevention of Money Laundering Act (PMLA).

However, all the accused individuals have come up with excuses to skip the ED’s questioning. Vijaya Sai Reddy claimed he could not attend due to ongoing parliament sessions. Vikrant Reddy stated he was unwell, and Sharath Chandra Reddy said he was unable to attend at this time.

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Since they skipped questioning once, the ED is expected to serve notices again soon. Further action is anticipated following their questioning.




According to the CID’s FIR, the accused individuals forcibly acquired shares worth Rs. 2,500 crore in Kakinada Sea Port Limited for just Rs. 494 crore, and shares worth Rs. 1,109 crore for a mere Rs. 12 crore, through blackmail and threats during the YCP regime.

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