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Political vendetta or zero tolerance to corruption? TDP actions ignite debate

Andhra CID filed a case against YSRCP leader Vijay Sai Reddy for alleged coercion in share transfers, amid ongoing political tensions with TDP.

Updated on: Dec 16, 2024 04:45 AM IST
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The Andhra Pradesh Crime Investigation Department (CID) registered a case against YSRCP general secretary and Rajya Sabha member Y Vijay Sai Reddy and others on December 2for allegedly coercing K V Rao, original promoter of Kakinada Sea Ports Limited (KCPL) and Kakinada Special Economic Zone to transfer his majority shares to Auro Infra Pvt Ltd for a nominal price when the Jagan Mohan Reddy-led YSRCP government was in charge of the state between 2019 and 2024.

PREMIUMAndhra Pradesh chief minister N Chandrababu Naidu speaks in the Andhra Pradesh Legislative Assembly session, in Amaravati on Friday. (ANI)
Andhra Pradesh chief minister N Chandrababu Naidu speaks in the Andhra Pradesh Legislative Assembly session, in Amaravati on Friday. (ANI)

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ABOUT THE AUTHOR
Srinivasa Rao Apparasu

Srinivasa Rao is Senior Assistant Editor based out of Hyderabad covering developments in Andhra Pradesh and Telangana . He has over three decades of reporting experience.

Follow India news real-time updates and the latest news covered on Hindustan Times, featuring today's critical updates on Sonam Wangchuk Hunger Strike LIVE and more across India.
Follow India news real-time updates and the latest news covered on Hindustan Times, featuring today's critical updates on Sonam Wangchuk Hunger Strike LIVE and more across India.
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