Going with the latest trends on leading online media, yes it is
true that the whole nation is looking towards what will happen to
Y S Jaganmohan Reddy. Jagan as he is fondly called as by his supporters is
the Chief of a regional party YSR Congress named after his father late Y
S Rajasekhar Reddy (YSR), the former Chief Minister.
Even ND TV has opened up a live blog for Jagan who is right now being
quizzed by the CBI at Hyderabad in the disproportionate assets. He is
been alleged to have misused YSR’s power for his benefits. Looking at
the anticipation level of the readers, we have furnished the below the
material collected from various online sources for reader enrichment,
only. With speculations rife that the young leader might be arrested by
the CBI, the views of a cross section of media are listed.
The CBI inquiry into Jagan’s business empire and the source of its
funds was ordered by the Andhra Pradesh High Court in August 2011. CBI
alleges that when the late YSR was in office, he had abused his power
and conspired with the ministers to influence entrepreneurs to invest in
his son’s companies for favors from the government.
Jagan arrived at the CBI office after meeting, Vijay Sai Reddy at his
residence. CBI office was thronged by innumerous followers of the
leader. Security has been tightened around the CBI office. Mr Vijay Sai
Reddy was earlier quizzed by the CBI on the irregularities of
investments in the Jagathi publications, also owned by Jagan.
Enforcement Directorate Angle:
Enforcement Directorate have reached the CBI office in Dilsukha Guest
house and shall be questioning Jagan on the issues based on the
statement made by Nimmagadda Prasad. They would also question him on the
funds flowing from the companies of Vanpic, Bharathi, Carmel and other
companies into the companies of Jagan. Earlier ED had sought, the
special CBI Court, permission of questioning Jagan.
Late last December the Enforcement Directorate had registered a case
under the provisions of Prevention of Money Laundering Act (PMLA) 2002
against him and is also probing alleged contravention of foreign
exchange rules in his financial transactions and investments. The ED
action has come after the CBI had registered a case against Jagan and
had searched various premises belonging to him.
The most prominent speculation on the public minds is, will the ED
corner the YSRC leader at this point and arrest him for the PMLA case.
In such a case the young leader will be taken to the nation’s capital
and for further questioning and probably also arrested there. If that is
so the impact in the state capital would be a little less feel sources.
However everything is based on figs of imagination only and until firm
announcements are made nothing could be ascertained.
As per the PMLA act,
Offence of money laundering:
Whosoever directly or indirectly attempts to indulge or know¬ingly
assists or knowingly is a party or is actually involved in any process
or activity connected with the proceeds of crime and projecting it as
untainted property shall be guilty of offence of money-laundering.
Punishment for money-laundering.--
Whoever commits the offence of money-laundering shall be punishable
with rigorous imprisonment for a term which shall not be less than three
years but which may extend to seven years and shall also be liable to
fine which may extend to five lakh rupees: Provided that where the
proceeds of crime involved in money-laundering relates to any offence
specified under paragraph 2 of Part A of the Schedule, the provisions of
this section shall have effect as if for the words "which may extend to
seven years", the words "which may extend to ten years" had been
substituted.
Communal War:
With the by-polls for 18 constituencies scheduled for June 12 will it
be embarrassing for the ruling Congress and the YSR Congress, is a
notable question at this point. As the YSR Congress Chief quizzing might
bring out many prominent bigwigs names and that could be setback for
the Congress. Meanwhile YSR Congress party is turning out to be a Reddy
dominated party say sources.
Another community unity is reportedly being witnessed in the state as
Jaganmohan Reddy is presumably getting closer to the bars. Since
Jaganmohan Reddy (although a Christian) has ‘Reddy’ tag with his name
and this would apparently be sufficient for him drag all Reddys towards
his side. Already ex-TDP leader Mysoora Reddy has strongly backed YS
Jaganmohan Reddy for which he is being expelled from TDP. He even stated
that he would join YSR Congress in a couple of days and he would
support Jaganmohan Reddy since Jagan was like his son. But, people at
various tea shops were reportedly discussing that Mysoora Reddy
supported Jagan only for community.
Yet another prominent leader of the Congress, YS Vivekanda Reddy too
quit the party with which he had been associated for the past three
decades. Although he said he left Congress as he was upset with the
party for spitting venom on his late brother YSR. It appears like the
relationship between Jagan and YS Viveka is playing big at the
end...now, he is most likely to join YSR Congress..
Earlier the Bhuma Nagireddy couple quit from Chiranjeevi’s
Prajarajyam Party after its merger with Congress and joined the YSR
Congress. (With Inputs from Internet- Aarkay & Phani)
Disclaimer: This is only one analysis and a possible gossip
since it is being talked by people in Hyd. And sounded very interesting
hence we are carrying this article and not confirmed news.
