YSR Congress Party president and MP YS Jaganmohan Reddy on Monday said he would challenge the Andhra Pradesh high court order that asked the CBI to probe his wealth, allegedly asynchronous with his income sources.
It has been reported the assets were acquired mostly when his father, YS Rajasekhar Reddy (YSR), a Congressman, was chief minister from 2004 to 2009, before he died in a chopper crash.
Jaganmohan used the occasion of Independence Day to slam the Congress leadership for "betraying" his father and denied that he had ever misused his father's office.
"I am helpless, alone and young. And today I am being targeted for resigning from the party (Congress). I was shown I-T notice after I formed my own party," Jaganmohan said.
He denied the charge that companies that invested in his firms did so because his father favoured them.
He charged the Congress with using the income tax department and enforcement directorate to persecute him.
"It is all because they don't want a man who has left the Congress to come back to power in the state," he said.
Jagan said his father's reputation was being tarnished.
"This is what you do to a man who served you for 30 years?" he asked, adding it was because of his father that the Congress could win power in Andhra Pradesh in 2004 and 2009.
Meanwhile, handloom and textiles minister P Shankar Rao, on whose petition the high court ordered the probe into Jaganmohan's wealth, alleged his assets had grown to Rs 43,000 crore from Rs 11 lakh in seven years.