“Nonetheless don’t possess a single asset that’s rightfully share of mine,” Ms Sharmila stated (File)
Amaravati:
Amid the deepening rift along with her brother and former chief minister Y. S. Jagan Mohan Reddy, Y. S. Sharmila stated on Friday that he’s not the only successor of household property and that not one of the household property rightfully belong to her and her kids had been transferred to them.
She stated no asset switch befell both through the lifetime of their father Y. S. Rajasekhara Reddy (YSR) or after his demise.
“As of immediately, I declare that I nonetheless don’t possess a single asset that’s rightfully share of mine and my kids,” Ms Sharmila stated in an open letter to the admirers of YSR.
Ms Sharmila stated that Jagan Mohan Reddy will not be the only successor of household property. “As per the aspiration of YSR, all our household companies that had been established have to be equally shared amongst his 4 grandchildren. They didn’t belong solely to Jagan Mohan Reddy; Jagan Mohan Reddy will not be the inheritor obvious or sole successor, however a mere guardian. It’s his accountability to supervise the distribution of those properties equally among the many 4 grandchildren,” wrote Ms Sharmila.
The Andhra Pradesh Congress Committee president launched the letter in response to a information story revealed in Telugu each day ‘Sakshi’ owned by Jagan Mohan Reddy.
Stating that details had been manipulated and reality was hidden, Ms Sharmila stated she felt it was her responsibility to current details.
“The properties that Jagan Mohan Reddy claims are his personal are literally household property,” she stated and dismissed as false the declare that property had been distributed when YSR was alive.
She additionally claimed that her mom Y. S. Vijayamma wrote lots of of letters requesting for the distribution of property. “A whole lot of letters had been written by my mom, however we might nonetheless not be capable to transfer or soften the stone {that a} coronary heart could be. Alas, as of immediately not a single asset belongs to my kids, the share of which is theirs, legally and rightfully.”
On the declare that Rs 200 crores got to her throughout 2009-2019, Ms Sharmila stated it was a subpart of the larger narrative of the interval the place he was a unique Jagan Mohan Reddy. “Now, one should realise that the 200 crores over 10 years displays the acknowledgment of equal shares for my kids, that’s nothing however the half portion of the dividends from the businesses. In no means, can this be thought-about a favour or a present. It was an acknowledgment of my equal share, even when framed as a mortgage.”
She claimed that Jagan Mohan Reddy was a modified man after changing into the chief minister in 2019 as he proposed the separation n the household. She stated he wished 60 per cent shares in Bharati Cements and Sakshi and proposed 40 per cent for her. She stated although her mom felt it was unreasonable and unfair, he ‘bulldosed and arm twisted us to in the end have his say.’
“Inside half an hour, it grew to become clear which property had been going to whom: 40 per cent in Sakshi, 40 per cent of the 49 per cent of their share in Bharati Cements, 100 per cent in Saraswati Energy, 100 per cnet in Yelahanka property, and late YSR’s residence, amongst others, grew to become my share,” wrote Ms Sharmila including that subsequently an MoU was signed.
She additionally claimed that he wished her to cease criticising him and when she refused, he filed a case in opposition to her and her mom in Nationwide Firm Regulation Tribunal (NCLT) claiming they fraudulently took shares in Saraswati Energy.
She appealed to YSR supporters to not be misled that she and her mom are deceitful or grasping for the sake of property. “Regardless that the MoU has been with me for 5 years and never a single asset has been given to me, I’ve by no means disclosed it to media, nor did I knock the doorways of regulation. Regardless of adversities and monetary difficulties, I attempted onerous to uphold the household honour and YSR’s dignity all as of late,” she added.
(Apart from the headline, this story has not been edited by NDTV employees and is revealed from a syndicated feed.)