Jagan Reddy In Deep Waters In Row Over Kakinada Port Shares Sale, Party Says "Vendetta"
Ex-Andhra Pradesh Chief Minister Jagan Reddy and members of his YSR Congress, including Rajya Sabha MP Vijaysai Reddy, have been accused of illegally acquiring 41.12 per cent of shares in Kakinada Seaport Private Limited (KSPL), and 48.74 per cent in Kakinada Special Export Zone (KSEZ), for ₹ 500 crore in 2020/21, when they were worth over ₹ 3,600 crore.
A First Information Report, or FIR, has been filed against the YSRCP boss and his colleagues on basis of a complaint by Karnati Venkateswara Rao, Chairman and Managing Director of KSPL.
