Centre should probe 'money laundering' by AP CM's son: Naidu

TDP President N Chandrababu Naidu demanded that the Centre order an inquiry into illegal financial transactions, including the "money laundering" in 14 "benami" companies promoted by CM YS Rajasekhara Reddy's son Jaganmohan Reddy.

TDP President and Leader of Opposition in Andhra Pradesh Assembly N Chandrababu Naidu on Monday demanded that the Centre order an inquiry into illegal financial transactions, including the "money laundering" in 14 "benami" companies promoted by Chief Minister YS Rajasekhara Reddy's son Jaganmohan Reddy.

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He wanted a judicial probe by a sitting judge into the affairs of Satyam Computers, Maytas Infra, Maytas Properties, the 14 companies promoted by Jaganmohan Reddy and also Heritage Foods owned by his (Naidu's) wife and family.

Initiating a heated debate on the Satyam scandal in the assembly in Hyderabad on Monday, Naidu launched a frontal attack on the Chief Minister alleging that the latter amassed crores of rupees through illicit means, violating all relevant laws in the process.

"The SEBI rules were violated. FEMA, FERA and the RBI Acts have been violated and even the Income Tax Act was breached in the functioning of the 14 companies promoted by the Chief Minister's son. The Government of India should immediately conduct an inqury into the gross financial irregularities," Chandrababu said.