Jagan Reddy and YS Sharmila are locked in a bitter dispute over household belongings
Hyderabad:
Amid YSR Congress chief YS Jagan Mohan Reddy’s dispute together with his sister and Congress chief YS Sharmila over an inheritance price crores, their mom YS Vijayamma has written an open letter, placing her weight behind Ms Sharmila and saying that it is her “responsibility to talk up for the unfairly handled baby”.
In response, the YSR Congress Celebration launched an open letter, saying “mom has not been impartial”. The Jagan Reddy-led occasion mentioned Vijayamma backed Sharmila and the Congress earlier than and after the Andhra Pradesh Meeting polls. Within the state polls held earlier this 12 months, YSRCP suffered a rout and Jagan Reddy misplaced energy to arch-rival, TDP’s N Chandrababu Naidu. The YSRCP mentioned YS Sharmila joined the occasion that had put Jagan Reddy in jail.
She wrote that Sharmila was not concerned within the household enterprise however labored selflessly in politics on Jagan Reddy’s directions. “Jagan’s rise to energy owes a lot to Sharmila’s efforts. As a mom, all youngsters are equal. It is painful to see injustice executed to at least one baby. As a mom, it is my responsibility to talk up for the unfairly handled baby,” Vijayamma wrote. She mentioned it’s “deeply painful” for her to observe these occasions unfold. “My late husband, Rajasekhara Reddy, our kids, and I have been a cheerful household. I am unable to grasp why our household is going through such difficulties. Regardless of my efforts to cease it, unlucky occasions are unfolding earlier than my eyes,” she wrote.
Vijayamma slammed baseless claims being unfold about her household and mentioned this should cease. “It isn’t good for my youngsters, nor for the state. I hesitated to deliver this up, however the scenario calls for it. I implore those that have spoken wrongly about our household to stop.”
“Blood is thicker than water. My youngsters will reply for themselves. I belief in God, who will present options to their issues,” she wrote.
Dismissing claims that YSR distributed his belongings amongst his youngsters whereas he was alive, she wrote, “YSR had transferred some belongings to my youthful daughter, Sharmila’s title, and a few to my son, Jagan’s title, whereas he was alive. That is not dividing belongings; it is simply allocating them.”
YS Rajasekhara Reddy, chief minister of undivided Andhra Pradesh and a well-liked Congress chief, died in a helicopter crash in 2009.
“YSR’s want was for his youngsters to have equal shares, and that is the reality. Jagan labored onerous to develop our belongings, however all belongings belong to the household,” Vijayamma wrote.
“After YSR’s premature passing in 2009, Jagan and Sharmila lived collectively till 2019. Jagan gave Sharmila 200 crores from his share as per their settlement. In keeping with the MoU, Jagan would get 60%, and Sharmila 40%. Nevertheless, earlier than the MoU, they shared equal dividends since Sharmila had an equal share,” she wrote.
Vijayamma wrote that Jagan Reddy proposed a division in belongings after he grew to become Chief Minister in 2019. She mentioned he cited issues about their grown youngsters probably not getting alongside.
“After that, in Vijayawada, in my presence, they determined to divide the belongings, saying ‘that is Jagan’s and that is Sharmila’s’. The MoU written in 2019 is identical one. That is the MoU written and signed by Jagan himself. Since Sharmila had rights, Jagan gave her 200 crores as dividends. Sharmila had rights, which is why they wrote the MoU. It was written formally.”
“The properties talked about within the MoU to be given to Sharmila should not presents from Jagan however his accountability. Since there have been no attachments, Jagan promised and signed that he would give Sharmila 100% of Saraswathi shares talked about within the MoU and 100% of the Yelahanka property not talked about within the MoU instantly,” Vijayamma wrote.
“Sharmila was additionally unfairly handled concerning the unattached properties. Shaarmila’s share included Bharati Cements, Sakshi Media, and YSR’s home, which needs to be given after the circumstances,” she added. She mentioned she needed to communicate as much as make clear the reality “amidst the falsehoods unfold by many”. “The reality is that this… Nonetheless, they’re siblings. That is their challenge; they may resolve it,” she wrote.
“If Rajasekhara Reddy have been alive, this asset challenge would not have arisen, and there would not be such controversy. I would not have needed to communicate out if it weren’t for the continuing chaos. I imagine solely my phrases can cease this. Please, I request you all, as my youngsters, to chorus from talking irresponsibly,” Vijayamma wrote.
YSRCP responded to Vijayamma’s letter, saying that Jagan Reddy by no means requested for the belongings again. “YS Jagan has shared his belongings together with his sister Sharmila out of goodwill. She is not a director in any of Jagan’s companies. Jagan handled Sharmila with kindness, similar to any brother would. Late CM Rajasekhara Reddy had already transferred belongings to Sharmila and Jagan. Jagan by no means requested for these belongings again. He solely despatched a discover concerning the change of connected properties in ED circumstances with out his data,” YSRCP state secretary SV Satish Reddy mentioned in an announcement.
The Siblings’ Letter Warfare
The siblings have exchanged bitter letters amid the dispute and accused one another of “deceitful (and) deeply hurtful” actions that belittle their father’s reminiscence.
Jagan Reddy earlier wrote to the Nationwide Firm Legislation Tribunal to red-flag the “unlawful” switch of shares in Saraswati Energy. He mentioned the shares have been “given to me in belief by a present deed” and that he had “gifted” them to their mom, YS Vijayalakshmi, “with the understanding that the switch… would occur publish courtroom clearance (and) with execution of additional acceptable documentation…”
However these shares, the previous Chief Minister wrote, had been transferred by his sister to herself in a “deceitful method (that) creates potential authorized problems for me”. These shares, he mentioned, would now “revert to me as the unique and persevering with proprietor and beneficiary of the curiosity…” The YSR Congress boss additionally declared void the MoU he signed in 2019. The MoU talked about his intention “to impact switch of sure properties to you… out of my love and affection for you as my sibling, at a degree of time in future”.
In response, Ms Sharmila flagged their father’s “unambiguous” instruction “that every one properties acquired with household sources throughout his lifetime needs to be divided equally between his 4 grandchildren”.
She dismissed Jagan Reddy’s intention to scrap the MoU, saying it has no authorized authority.
“You’ve gotten executed what our expensive father would by no means have imagined… filed circumstances towards his expensive spouse (our mom) and daughter (myself) to deprive his household of their professional share,” she wrote.
On the vexed challenge of Saraswati Energy shares, Ms Reddy claimed the intention had been to switch on signing of the MoU “however you (Jagan Reddy) failed to satisfy this promise for a number of years…”
The corporate legislation tribunal shall be listening to the matter on November 8.
The inheritance dispute comes after the siblings parted methods politically. From campaigning extensively for her brother until the 2019 Meeting polls, YS Sharmila moved away in 2021 to drift her YSR Telangana occasion. This merged with the Congress earlier than the final election this 12 months. The Congress named YS Sharmila the occasion’s Andhra Pradesh chief, pitting her as her brother’s challenger.