Paradise Papers Reveal New Clues in Jagan’s Case

9 years ago

Paradise Papers are creating tremors in Telugu Politics. The latest name is Potluri Vara Prasad who took 1677 Crores Loan in Mauritius and routed the money to his Indian companies and Jagan Mohan Reddy’s Jagathi Publications which owns Sakshi.

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CBI already lodged a Quid-Pro-Quo case on Jagan and PVP. For the 130.97 Crore investments made by PVP in Jagathi Publications, the then YSR government allotted several land parcels to PVP’s companies in Andhra Pradesh.

Mauritius Banks have already approached the country’s Supreme Court as PVP companies are not repaying the loans and they have illegally sent the money out of the country without their permission. These latest revelations may strengthen Jagan’s cases.

Sridhar Raavi

Sridhar is a highly experienced hand in Telugu politics, writing and analyzing political happenings in Andhra Pradesh and Telangana. An IT engineer turned news junkie, Sridhar has a sharp eye for catching news as it u…

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Sridhar Raavi

9 years ago