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'Yours?' Ask Chief Minister Naidu, Jagan Mohan Reddy Over 10,000 Crore Stunner

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Shocked by this disclosure! The CM was corrupt..No doubt..But now it looks himalayan corruption!!

'Yours?' Ask Chief Minister Naidu, Jagan Mohan Over 10,000 Crore Stunner

| Reported by Uma Sudhir (With inputs from agencies), Edited by Raija Susan Panicker | Updated: October 13, 2016 18:33 IST


Jagan Mohan Reddy says Chief Minister Chandrababu Naidu's knowledge of the case implicates him

Hyderabad: Highlights

  1. 10,000 crores of black money disclosed in Hyderabad by 1 person
  2. Chief Minister Naidu and Jagan Mohan Reddy point to each other
  3. Both write notes of complaint to Prime Minister Narendra Modi

An individual in Hyderabad used the recent amnesty scheme to disclose 10,000 crores of black money to the government.

The two top leaders of Andhra Pradesh have both written to Prime Minister Narendra Modi, insinuating that the other is the tax evader.

Chief Minister Chandrababu Naidu has stated "Is it possible for a businessman to declare such huge money?" alluding to the vast business empire of opposition leader Jagan Mohan Reddy. His ministers abandoned even that skimpy discretion to straight out name Mr Reddy yesterday.

Meanwhile, Mr Reddy, who heads the YSR Congress, named after his father, said the Chief Minister's knowledge of the case implicates him. Of the 13,000 crores disclosed in Hyderabad, 10,000 crores was attributed to one person.

"How is that Mr Chandrababu Naidu alone is privy to this information? If true, then the person declared should have been a 'benami' (proxy) of Chandrababu Naidu. Otherwise, how can he be so specific on the numbers?" Mr Reddy wrote in his letter to PM Modi.

Before the last election in 2014, Mr Reddy, at one time among India's richest parliamentarians, disclosed he was worth 416 crores. In multiple corruption cases, the Enforcement Directorate, which investigates financial crimes, has seized property and bank accounts worth nearly 2,500 crores linked to companies that he is linked to, either directly or through alleged proxy holdings.

The government has made it very clear that no names will be revealed for those who declared their untaxed money and sought to make amends by paying penalties. The amnesty scheme, which spanned four months, collected disclosures of 65,000 crores in total.

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