Reports are emerging that the Chairman of VANPIC Company, Nimmagadda Prasad, visited the erstwhile Prakasam district on Saturday. He visited the purchased lands in Deverampadu, Pathapadu, and Pullaripalem villages.
It is known that a port is proposed to be constructed in Ramachandrapuram and Nimmagadda inspected the seashore areas.
When Rajasekhara Reddy was the Chief Minister, VANPIC took up the purchase of land in the name of Vadarevu-Nizampatnam Industrial Corridor (VANPIC). The ED had previously attached these 11,804 acres of land in the current CM Jagan’s illegal assets case.
VANPIC was among several companies whose assets were attached by the ED, alleging that they had obtained favors from the then AP CM YSR and invested in the businesses of Jagan Mohan Reddy in a quid-pro-quo.
Both Jagan and Prasad were arrested and sent to jail by the CBI but were later released on bail.
VANPIC company went to Telangana High Court and orders were issued to release the lands.
While the ED approached the Supreme Court against these orders, the Supreme Court ordered to maintain the status quo, two days ago. In the background of these developments, Nimmagadda Prasad examining the lands raised eyebrows.
