Jagan does not fully own family assets, only 'guardian', says Y S Sharmila
YSRCP chief Jagan Mohan Reddy's sister Y S Sharmila on Friday said that all the businesses which were established when former Chief Minister and her father Y S Rajasekhara Reddy was alive, are of family assets and Jagan is just a «guardian» of them. In an open letter, she said that her late father Rajasekhara Reddy's intention was that Jagan should divide all the businesses equally among the four grandchildren — two each of Jagan and Sharmila.
She said she received Rs 200 crore during the past 10 years towards her family share as dividends from various companies which established the fact that all four grandchildren of Rajasekhara Reddy would get equal portions.
«They (all the assets) are not owned by Jagan. He is only the „Guardian“ of all existing family businesses. It is the responsibility of Jagan to divide all the businesses equally among the four grandchildren. It was the mandate of (late) Rajasekhara Reddy. YSR conveyed his intention to his children and his wife. Close associates, including KVP Ramachandra Rao, YV Subbareddy and Vijayasai Reddy know about this,» she said.
Sharmila said she has been demanding a due share in the properties as their late father desired that all the grandchildren should get equal pie.
«Transfer of shares (of Saraswati Power and Industries) has nothing to do with the cancellation of his bail,» she said.
Web Development
Intermediate Java Mastery: Method, Collections, and Beyond
By — Metla Sudha Sekhar, IT Specialist and Developer
Artificial Intelligence(AI)
Basics of Generative
