CBI raids hit Jagan and his investors

YS JaganKadapa MP YS Jaganmohan Reddy is in deep neck trouble as the CBI following the AP High Court Orders has begun its raids all over his palatial house – Lotus Pond in Hyderabad, Saakshi Offices, Sandur Power, Bharati Cements Office, Indu Projects etc.

The raids started as early as 6 AM while YS Jagan, the founder of the YSR Congress Party was away in his Odarpu Yatra to console people even after nearly two years after his father’s death. The CBI has spread its raids in his establishments based in other cities like Bangalore, Chennai, Vizag and other places. In total 180 locations related to YS Jagan are under the CBI raids as of now.

At the time of the raids which are still going on, Jagan’s wife Bharati, his mother YS Vijayamma, brother-in-law Bro. Anil Kumar and MLA Shobha Nagi Reddy are present in the palatial house which is alleged to have as many as 70 rooms! Its an irony that YS Jagan is not there and is instead on a a statue unveiling schedule of his late father Dr. YS Rajasekara Reddy.

The CBI is also conducting raids in the houses of various investors in Jagan Group of Companies like Nimmagada (Matrix Labs)Prasad, Hetero Drugs and many other people and businesses. There is already a FIR hanging on YS Jagan’s head which names his as the prime culprit in the EMAAR properties irregularities.

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