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Motive for Cases on Jagan - quid-pro-...

Chalanachithram.com DB » New TF Industry Related » Archive through April 30, 2018 » Motive for Cases on Jagan - quid-pro-quo « Previous Next »
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Chandhra
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Posted on Monday, April 30, 2018 - 12:34 pm:       


Hotmail:

A senior director




- Deloitte India Pvt. Ltd, the local unit of one of the world’s Big Four accounting and auditing firms, says it performed a valuation of Congress rebel and Kadapa MP Y.S. Jagan Mohan Reddy’s publishing company “with the level of independence and quality expected of us”

Valuation annaka - lot of back and forth will happen, in any company when they are trying to get shareholders buy their shares. Clearly Deloitte said they followed the rules.}
 

Hotmail
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Posted on Sunday, April 29, 2018 - 11:40 pm:       

A senior director of M/s Deloitte auditing firm Sudershan, who assessed the value of Jagathi Publications of YSR Congress chief Y S Jaganmohan Reddy told a magistrate that he had enhanced the value of the companies by a few hundred crores following a request from Jagan's auditor Vijay Sai Reddy


Dhani kuda CBN and Sonia ante neeetho discussion waste pichi Pune laga vunnavu

. 350 share ante yemi vundhi ani decide chessarru ????


Eenadu annatava paper vundhi film city and etv and other languages lo news plus entertainment channels vunnayyi so oka part share ammi aa amount tho fixed deposits Ichina valla ki pay chesadu

Mee A1 emo vachina donga dabbu tho party petti enjoy chesthunadu lotus pond Bangalore lo palace antha ekkada nunchi vachayyi
 

Chandhra
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Posted on Sunday, April 29, 2018 - 11:28 pm:       


Hotmail:

Papam judges yemi teliyakunda 14 months chippa kudu thinipincharru




High IQ fellas - Jail lo pettinchindhi , mee donga leader and SOnia kummakkayyi.. and that was to continue the investigation because your cheap leaders convinced the judges that Jagan will influence the witnesses.

Valuation is in court. Deloitte says it implemented the valuation properly :
https://www.livemint.com/Politics/dxAbZ1Qu8ZVBIyWZpzWmZJ/Del oitte-says-acted-independently-in-valuation-of-Jagan-publ.ht ml

Andhuke common sense valuation adiganu -
Rs.350 premium (which you are crying about) for Sakshi vs Rs.5,00,000 for Eenadu ????
 

Hotmail
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Posted on Sunday, April 29, 2018 - 11:06 pm:       

Papam judges yemi teliyakunda 14 months chippa kudu thinipincharru bail kosamu Supreme Court ki vellina dengamannarru adhi yemi guruthhu ledhu


https://m.timesofindia.com/city/hyderabad/Auditor-admits-to- fudging-value-of-Jagans-firms/amp_articleshow/10673942.cms



A senior director of M/s Deloitte auditing firm Sudershan, who assessed the value of Jagathi Publications of YSR Congress chief Y S Jaganmohan Reddy told a magistrate that he had enhanced the value of the companies by a few hundred crores following a request from Jagan's auditor Vijay Sai Reddy.
The CBI got Sudershan's statement recorded before the magistrate. Sudershan is named as a witness in the case.
Several investors who bought shares in Jagan companies at higher prices told the CBI that they did this after seeing the certificate given by Deloitte about the worth of the Jagan companies.
Deposing before the magistrate, the Deloitte official said that the value of Jagathi Publications and others was put at Rs 2500 crore after assessment. But Vijay Sai Reddy asked us to raise the figure to Rs 3000 crore, the witness said.
"Though we completed the assessment by April 2008 we were asked to give the certificate with a back date -- November 2007," he said. Though the Jagathi authorities assured us that it was only for internal purposes, they later went public with it, he said.
 

Chandhra
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Posted on Sunday, April 29, 2018 - 10:59 pm:       


Dhonifan:

jagan ni janam sommu denkayamani soniya, cbn, ramoji ley cheppinattu unnaru




Hello high IQ sir ... neeku inka CBN meeda prema ponguthundani telusu.
But sollu message lu veyyakunda ... matter meeda matladu.

simple question - Jagan meeda allegations - all that 1400 crores - are because companies bought his shares for Rs.360.
1) Deloitte fixed this price , not Jagan
2) At the same time Reliance bought Eenadu's shares at more than Rs.5,00,000

high IQ vaddu ... simple IQ use cheyyi.
 

Chandhra
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Posted on Sunday, April 29, 2018 - 05:53 pm:       


New_user:

Vijaya la ga, CBN ki Singapore lo hotel undi lanti allegations cheste, judge Z tho navvuthadu. Come with some concrete evidences.




Fiber grid project to Heritage director - deenini CBI ki isthe, Bentsen aa director meeda, Lokesh and CBN -A1, A2 and A3 avutharu.
 

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Posted on Sunday, April 29, 2018 - 02:44 pm:       


Machomegastar:

But this timehe has to be caught..
Its not 1998
Its 2018....




CBN kooda patha CBN kadu. CBN, YSR ni chusi chala nerchunnadle. Elderly people ki istunna pensions ki, ee beneficiaries lo 90% TDP ke vestaru.
 

Dhonifan
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Posted on Sunday, April 29, 2018 - 02:32 pm:       

jagan ni janam sommu denkayamani soniya, cbn, ramoji ley cheppinattu unnaru

 

Machomegastar
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Posted on Sunday, April 29, 2018 - 02:27 pm:       


New_user:




Thats what bob is veey good at..



But this timehe has to be caught..
Its not 1998
Its 2018....
Bob dialogue about special pkg
Kodalu maga bidda kanta ante ee atha Aina vaddantunda !!!!
 

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Posted on Sunday, April 29, 2018 - 02:24 pm:       

Nuvvu same Vijaya la matladuthunnav, ki ki ki... Singapore lo hotel ante, at least dani peru, address ayina cheppali ga. Baseless allegations cheste, janam light theesukuntaru.

CBN pappu sudda ani evadu anadu. Sonthaniki thinadu. Party ni run cheyyadaniki avasaram ayinantha, thappadu. Same like KCR anuko.

CBN / KCR lo chese avineethi kante, wastage of funds chala ekkuva untundi.
 

Machomegastar
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Posted on Sunday, April 29, 2018 - 02:18 pm:       


New_user:




Motham 2 lak crores kavala party fund ki....kikii...
Erra chandanam lone25000 kotlu dobbaru...
Inka amaravsthy real estate
Neer matti
Pattiseems
Sand..
Vizag land grabbing...

Aapu samee nee sodi....kikik..
Bob dialogue about special pkg
Kodalu maga bidda kanta ante ee atha Aina vaddantunda !!!!
 

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Posted on Sunday, April 29, 2018 - 02:09 pm:       

MMS

YSR time lo kooda Jagan / Gali sontham ga dochindi kakunda, chala avinetthi jarigindi. Aa time lo AP nunde, Congress party fund ekkuva velledi. Adevvadu pedda ga care cheyyadu. Sontha bokkasam kosam mesesthene, prominent ayyedi.
 

Machomegastar
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Posted on Sunday, April 29, 2018 - 02:02 pm:       


New_user:

Pattiseea lo 300 Cr nokkesaru, aa money thone party ni run chesthunnaru. Jagan la sonthaniki kadu. YSRCP vallu aa project waste antaru thappithe, avineethi gurinchi pedda ga matladaru.




You do vyabhichar i do samsar....kikiki...!
Bob dialogue about special pkg
Kodalu maga bidda kanta ante ee atha Aina vaddantunda !!!!
 

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Posted on Sunday, April 29, 2018 - 01:41 pm:       

Chandra

Vijaya la ga, CBN ki Singapore lo hotel undi lanti allegations cheste, judge Z tho navvuthadu. Come with some concrete evidences.

Pattiseea lo 300 Cr nokkesaru, aa money thone party ni run chesthunnaru. Jagan la sonthaniki kadu. YSRCP vallu aa project waste antaru thappithe, avineethi gurinchi pedda ga matladaru. Akkada contractor meeku kavalisina vadu kabatti. TDP never spared Nimmagadda. Kulapichcha weakness ni overcome avvandi.
 

Chandhra
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Posted on Sunday, April 29, 2018 - 12:55 pm:       


New_user:

Enire south lo




100 la kotla fiber grid project, Heritage director ki ichinatla ?
CBN drama 12 hour drama Satyagraham lo Heritage milk supply chesinatta ?

NU .. your 1400/1700 crores is based on the premium of Rs.350 (face value Rs.10), determined by Deloitte.
The point is Eenadu was bought at more than Rs.5,00,000 premium per share (face value Rs.100).

Manodu chesthe correct aa ?
 

Chandhra
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Posted on Sunday, April 29, 2018 - 10:21 am:       


New_user:

Enire south lo number one dacoit,





New_user:

aa congress daridram unna 10yrs lo okka major industry





Tintin:

motham power ni addam pettukoni





Nagfanscom:

jebu donga case lo




Mee baavi chala lothu..
Kinda content enti - for eg - Aurobindo invested Rs.10 crore in Jagathi in white .. for which there are receipts.. nothing hidden. The charge/case is that they bought the share at a premium of Rs.350 per share.

World class Financial company set that price/premium of Rs.350 .. nothing hidden.
Again - Eenadu premium Rs.5,28,530 in 2007/08 although it made a loss of Rs.59 crore that year .. why ?

facts matlandi ra babu .... edava Goebels prachara laaga undhi mee sodhi. Daaniki Donga Jyothi, Drama Naadu and Yellow channels unnayi kada ?
 

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Posted on Sunday, April 29, 2018 - 02:10 am:       


Tintin:

Veedi political history lo, atleast okka govt. scheme ina propose chesada even in divangat tenure, atleast okka industrial idea/ welfare scheme ina promote chesada. only personal growth agenda.




lol its a big ask...aa congress daridram unna 10yrs lo okka major industry kuda state ki raledu. asalu aa vache Volkswagen ni kuda 10gabettaru siggu lekunda..malli ipudu aa daridraniki suffort chesina batch antha vachi TDP meeda edupu..asalu deficit lo unna state ki entho kontha new major industries vastunnai ani kuda ledu. nirantara rodhanaa sravanthi.
 

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Posted on Sunday, April 29, 2018 - 01:26 am:       

Enire south lo number one dacoit, Jagan. Number two, Gali Janardan. Jayalalitha kooda veella mundu aanadu.
 

Tintin
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Posted on Sunday, April 29, 2018 - 12:54 am:       

Jaffadi history chusthe, motham power ni addam pettukoni dochukotame.

Veedi political history lo, atleast okka govt. scheme ina propose chesada even in divangat tenure, atleast okka industrial idea/ welfare scheme ina promote chesada. only personal growth agenda.

veedippudu urgent ga SheM ipoyi state ni abhivruddhi tho parugulu pettistadanta, prajanali aadhukuntadanta
 

Nagfanscom
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Posted on Sunday, April 29, 2018 - 12:47 am:       


Chandhra:

Jaleel Khan cheppada, or Lokesh cheppada ???




CBI Chargesheets .........

jebu donga case lo jaggadiki Bail ki 2 years


CBN: Man with Vision & Mission
facebook.com/NamoNaraYanam
https://www.youtube.com/watch?v=wBIfjgfl4Ng



 

Chandhra
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Posted on Saturday, April 28, 2018 - 11:46 pm:       


Nagfanscom:

13 chargesheets lo 43 Thousand crores




Jaleel Khan cheppada, or Lokesh cheppada ???
 

Chandhra
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Posted on Saturday, April 28, 2018 - 11:45 pm:       


Bumper:

Twitter lo pk comedy ayipoganeyy meru start chesaraa??
SUNY Leone virgin avatam entha nizamoo
Pk 40k books chadavatam ebtha nizamoo
Jagan donga kadhu anedhi antha nizam




Matter lekunda edupu enduku ... kinda raasinadaaniki points unte cheppu ... leka pothe chekka bhajana batch ani oppukoni pakkana po

 

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Posted on Saturday, April 28, 2018 - 11:17 pm:       

kattalu kattalu, pettelu pettelu

https://youtu.be/1gQDODKryY0?t=16


CBN: Man with Vision & Mission
facebook.com/NamoNaraYanam
https://www.youtube.com/watch?v=wBIfjgfl4Ng



 

Bumper
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Posted on Saturday, April 28, 2018 - 11:15 pm:       

Twitter lo pk comedy ayipoganeyy meru start chesaraa??

SUNY Leone virgin avatam entha nizamoo

Pk 40k books chadavatam ebtha nizamoo

Jagan donga kadhu anedhi antha nizam
beedi hatavoo desh batchavoooooo
 

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Posted on Saturday, April 28, 2018 - 11:04 pm:       


Machomegastar:

Bob vi 2 lak crores lekkalwtho saha cheppochu...

Kani jagan vi at the max 1300 crores choopinchagaligaru...that too not proven qpq yet.




babu vi 2 lakhs lekka petti pettilo petti court ki ivacchu ga!! ilanti sollu SuckShit stories tho courts time waste cheyaddu ani YS Vijaya garini Supreme Court gattiga jalla thagilinchindi ga!!

13 chargesheets lo 43 Thousand crores ki lekkalu unnayee kabatte......jaggadiki 2 yeras pattindhi bail ravadaniki......convict ayinappudu ee 2 years consider chestharu le


CBN: Man with Vision & Mission
facebook.com/NamoNaraYanam
https://www.youtube.com/watch?v=wBIfjgfl4Ng



 

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Posted on Saturday, April 28, 2018 - 11:00 pm:       


Chandhra:




2013 kante inka kuncham mundhu news items ki vellachhu ga!! caselu undavu, bongu undavu............yemi items ra


CBN: Man with Vision & Mission
facebook.com/NamoNaraYanam
https://www.youtube.com/watch?v=wBIfjgfl4Ng



 

Chandhra
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Posted on Saturday, April 28, 2018 - 07:25 pm:       


Machomegastar:

Kani jagan vi at the max 1300 crores choopinchagaligaru...that too not proven qpq yet...




Annai .. the 1000 crore too is in question because the companies mentioned above bought shares (white) for Rs.360 per share.
The question is - if Rs.360 per share QPQ ayithe ... Reliance paid Eenadu Rs.5,28,630 per share (face value - Rs.100) ... Isn't that QPQ for Godavari Basin gas that was given to Reliance by CBN ?

Ee simple logic artham avvadam ledu ee yella gang ki ?
 

Chandhra
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Posted on Saturday, April 28, 2018 - 07:21 pm:       


New_user:

Share value 5 lakhs ki, 350 ki direct ga compare cheyyalevu.




Ne telivi .. nuvvu.

Andhuke kada .. premium of Rs.350 (which is 360 - 10), and premium of 5,28,530 (5,28,630 - 100) ani rasindhi ..

Jagathi face value was Rs.10 .. and Eenadu's face value was Rs.100 ... so what is comparison between Rs.360 share value and Rs.5,28,630 face value ?

 

Chandhra
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Posted on Saturday, April 28, 2018 - 07:18 pm:       


New_user:

SakshiT ee roju pettadu, per share Rs 10 ki thanu theesukunnadu.




Konchem burra upayoginchu. When an owner sets up a company, he never gives shares for the same price to others. They show the potential, the structure, market and other factors to sell it a higher level. This was late 2007, where the markets were at peak and IPOs were a craze.

Eenadu face value Rs.100 , and it made Rs.59 crore loss for 2007/08 ... how did they sell it for Rs.5,00,000 per share ??? Godavari basin anukunidha - Reliance ?
 

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Posted on Saturday, April 28, 2018 - 06:02 pm:       


Chandhra:

Jagan Sakshi ki Rs.350 ekkuva ani cheppatam vandetta kada ?




Share value 5 lakhs ki, 350 ki direct ga compare cheyyalevu. Face value entha annadi chudali.

Neeku simple language lo cheppali ante, one 100 rupee note = 100 x one rupee notes.

 

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Posted on Saturday, April 28, 2018 - 05:59 pm:       


Chandhra:

Eenadu ki Rs.5,00,000 premium ok ..
but Jagan Sakshi ki Rs.350 ekkuva ani cheppatam vandetta kada ?




SakshiT ee roju pettadu, per share Rs 10 ki thanu theesukunnadu. Nela thirakkunda QPQ basis meeda so called "investors" ki Rs 350 ki ammesadu. Plain guddi valla ki kooda deentlo avineethi kanipisthundi.

Eenadu established in 1970s. After 45 years aa premium ki ammadu. Face value Rs 10 kadu, may be 1000. Google - what is face value, ki ki ki....

Sonia paga battindi lanti sollu, mee self satisfaction ki anthe. Sonia, courts ni manage cheyyali ani eppudu chudaledu. Anduke Kanimoli, Raja, Jagan etc months tharabadi, jails lo unnaru.
 

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Posted on Saturday, April 28, 2018 - 02:54 pm:       

anthe anthe laccha kotlu...chiranjeevi vat69 bottles denkesadu....katthi gaadu secret social media member of ysrcp..ila yenno yennenno.
 

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Posted on Saturday, April 28, 2018 - 02:52 pm:       


New_user:

QPQ ledu, bongu ledu.




Eenadu ki Rs.5,00,000 premium ok ..
but Jagan Sakshi ki Rs.350 ekkuva ani cheppatam vandetta kada ?

Adhi kooda, Reliance gadu ..Kampani dwara konnadu.
 

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Posted on Saturday, April 28, 2018 - 01:35 pm:       

Lobesh: flexi boy of corruption
Bob dialogue about special pkg
Kodalu maga bidda kanta ante ee atha Aina vaddantunda !!!!
 

Tintin
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Posted on Saturday, April 28, 2018 - 01:33 pm:       

Posterboy of corruption
 

Machomegastar
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Posted on Saturday, April 28, 2018 - 01:22 pm:       

Irony is ee edavalu jagan ni yedo cheddamani chooste adi vallaki kooda tagilindi...

Ee roju T lo tdp poorthiga tudichipettukupoyindi...

Hyd lo kukkavbathuki bathakalosostandi vallaki....kiki..
Bob dialogue about special pkg
Kodalu maga bidda kanta ante ee atha Aina vaddantunda !!!!
 

Machomegastar
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Posted on Saturday, April 28, 2018 - 01:19 pm:       


Boeing747:




Thappudu matalu vini chesindi....
Bob dialogue about special pkg
Kodalu maga bidda kanta ante ee atha Aina vaddantunda !!!!
 

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Posted on Saturday, April 28, 2018 - 01:19 pm:       


Sannayi_nokkulu:

cong party ni AP lo sajeeva dahanam chesindi...




endukani chesindi antav baa..kavalani enduku chestar ala
 

Machomegastar
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Posted on Saturday, April 28, 2018 - 01:18 pm:       


Sannayi_nokkulu:




Evrn T lo kooda dobbinatle..

Chi ituvanti edavala mata enduku ela vinnado...
Bob dialogue about special pkg
Kodalu maga bidda kanta ante ee atha Aina vaddantunda !!!!
 

Sannayi_nokkulu
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Posted on Saturday, April 28, 2018 - 01:16 pm:       


Machomegastar:

Sonia thana kallani thane poruchkundi pichi mokam di..


+1, cong party ni AP lo sajeeva dahanam chesindi....
sachipotava , avineethi ga batukutava okkate option ante alochinchakunda chachipotaa ane type cbn - OT
 

Machomegastar
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Posted on Saturday, April 28, 2018 - 01:14 pm:       

Bob vi 2 lak crores lekkalwtho saha cheppochu...

Kani jagan vi at the max 1300 crores choopinchagaligaru...that too not proven qpq yet...


Sonia thana kallani thane poruchkundi pichi mokam di..

Ee Edavala mata vini...
Bob dialogue about special pkg
Kodalu maga bidda kanta ante ee atha Aina vaddantunda !!!!
 

Chandhra
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Username: Chandhra

Post Number: 2440
Registered: 03-2016
Posted From: 71.62.75.64

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Posted on Saturday, April 28, 2018 - 01:12 pm:       


New_user:

Laksha kotlu dochukovadam
QPQ ledu, bongu ledu.




Nee edupu mamoole ... but it's clear that collusion of Sonia, CBN and Ramoji Rao caused this.
 

New_user
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Username: New_user

Post Number: 17192
Registered: 10-2014
Posted From: 209.152.83.110

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Posted on Saturday, April 28, 2018 - 01:10 pm:       

Laksha kotlu dochukovadam
QPQ ledu, bongu ledu.
 

Chandhra
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Username: Chandhra

Post Number: 2437
Registered: 03-2016
Posted From: 71.62.75.64

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Posted on Saturday, April 28, 2018 - 01:07 pm:       

Main Cases against Jagan :

The primary intent of multiple cases (multiple chargesheets) against Jagan was that stakeholders like Hetero Group of companies, M/s Aurobindo group, VANPIC (Nimmagadda Prasad) etc .. bought shares of Jagathi Publications at a premium – Rs.360 a share in return for favors from YSR’s Government (of Andhra Pradesh) – Quid Pro Quo, thus giving more money to Jagan’s business to expand.
The cases were filed in 2011 by Sankar Rao (Congress) who was made a Minister by Sonia Gandhi soon after and Yerram Naidu (and others) of TDP at the instance of Chandrababu Naidu who was the Opposition Leader.

Details :

Jagathi’s share price of Rs.360 (each) was derived by world class financial company - Deloitte based on a 5 year plan of Jagathi Publications (Sakshi). Based on this, the company was valued at Rs.3500 crore in 2007/08. Remember, this was also a time when the stock market was at the peak. To prove the same, Sakshi achieved a Print run rate of 12.56 lakh (for 6 months) in 2009 in its 2nd year and was within 5% of the leading News paper in AP. It was the only Newspaper with all color pages and was designed by Mario Garcia (who designed Hindustan Times) and had 23 district editions across Andhra Pradesh. Sakshi was hailed as one of the fastest and successful business of all time.
To compare the valuation, we should look at Eenadu (which was decades old) which was a competition for Sakshi. During the same 6 months period of 2009, Eenadu’s print run rate was 13.16 lakh compared to 12.56 lakh by Sakshi, and so was only leading Sakshi by less than 5%. Eenadu was the biggest part of Ushodaya Enterprises and was the only profit making entity within. On the whole, Ushodaya made a loss of Rs.59 crore for 2007/08.
With this background, in 2007/08, Reliance (via Nimesh Kampani of JP Financial) bought shares in Ushodaya at the rate of Rs.5,28,630 per share. This was at an astonishing premium of Rs.5,28,530 per share, giving Ushodaya a valuation of Rs.6500 crore.
So, this begs the question on how a premium of Rs.350 per share of Jagathi Publications (owned by Jagan) is considered high compared to the premium of Rs.5,28,530 per share of the competition (Ramoji Rao’s Eenadu) when the run rate was almost the same, and Sakshi was showing tremendous growth prospects.

Motive behind Cases on Jagan ?

Eenadu/Ushodaya was led by Ramoji Rao the ruthless Media Baron and business man. He is well known to have made NTR the Chief Minister in 1983 and then also known for his notorious coup against NTR via Chandrababu Naidu (CBN) in 1995, resulting in CBN becoming the CM of Andhra, which was followed by the heart attack/death of NTR soon after (1996). It was clear and an open secret that CBN, and thus TDP was hand in glove with Ramoji Rao’s Eenadu. Ramoji Rao was the brain and financier of TDP and in turn was being protected by CBN whenever there’s any danger to his business interests.
But when YSR became the CM of Andhra in 2004, his son Jagan Mohan Reddy started Jagathi Publications with Sakshi News paper quickly becoming the darling of people and seriously challenging Ramoji Rao’s #1 News Paper – Eenadu. Soon after Sakshi was announced, CBN and TDP members started making allegations of corruption against Jagan. The allegations were so intense that YSR, in a show of sincerity, volunteeringly ordered CBI investigation on the allegations against Jagan, which was followed by a clean chit to Jagan from CBI.
In addition, when a financial audit declared that Margadarsi Funds (owned by Ramoji Rao) would not be able to refund the public deposits in full, CID raided 3 offices of Ramoji Rao’s Margadarsi. This event pitted Ramoji Rao and CBN against YSR and there were intense war of words between them. This is turn resulted in Ramoji Rao selling stake in Eenadu/Ushodaya to outside investors, where Reliance jumped in to help out.
YSR led Congress won elections again in 2009, thus forcing CBN and TDP to bench the 2nd time. Clearly CBN and Ramoji Rao were frustrated with this development. But when YSR died late 2009, things began to go against Jagan Mohan Reddy. At the same time Ramoji Rao and CBN started looking at ways to take revenge, and clear the ground for 2014 elections, as they knew that Jagan was a novice.
Jagan took up “Odarpu Yatra” (Condolence tour) in 2010 to meet families of who died or suffered shock when YSR died. Sonia Gandhi warned Jagan not to do the tour, to curb his popularity in the state. But Jagan went ahead and subsequently resigned from Congress in 2010. In March 2011, he launched YSRCongress and subsequently won the by-elections in 17 of the 19 constituencies – some with record majority.
Soon after Jagan resigned from Congress, Shankar Rao (with instigation from Sonia) from Congress and 3 members of Chandrababu Naidu’s TDP filed a petition in the High Court asking for a CBI inquiry into Company’s that invested in Jagan’s businesses. Subsequently in August 2011, CBI was ordered to launch a probe against corruption charges against Jagan. CBI went about this in a massive way and filed more than 10 charge-sheets.

Summary :

Clearly political/business vendetta played a huge role in the cases against Jagan. Three big forces - Sonia Gandhi, Chandrababu Naidu - CBN and Ramoji Rao (Media Baron) colluded to halt Jagan’s success in Andhra Pradesh. Sonia wanted to suppress him politically, Chandrababu Naidu wanted no strong Political Opponent for 2014, and Ramoji Rao wanted to maintain the monopoly in media and did not want strong foes. Together, they were able to slow down Jagan, but on the other hand Jagan (Andhra’s opposition leader now) has shown his resilience by wiping Congress entirely from the state, constantly keeping CBN on his toes and giving him restless nights, and keeping Sakshi alive despite tremendous pressures and threats.
It will be interesting to see where it ends.

References :
http://www.business-standard.com/article/beyond-business/the -shrinking-empire-114120501253_1.html
https://www.firstpost.com/india/da-case-the-10-chargesheets- against-jaganmohan-reddy-1128925.html

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