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Congress Targets Jagan's Wealth

The Congress has started targetting Jagan by raising questions about the sources of his immense wealth.
Hyderabad | 9th December 2010
Senior Congress leaders on Wednesday took on themselves to target former Kadapa MP Y S Jaganmohan Reddy a day after he announced his plans to float his own political party by asking him how he had managed to amass so much wealth in such a short time.

The first to raise questions about Jaganmohan Reddy's wealth was Rajya Sabha Member V Hanumantha Rao who said that the former MP owed an explanation to people as doubts were being raised over his alleged involvement in various scams during the stint of his father Y S Rajasekhara Reddy as Chief Minister.

"Jaganmohan Reddy should reveal to people what his income was before 2004 and how much wealth he has made after his father became Chief Minister" the Rajya Sabha MP said. He also referred to the Rs. 84 crore as advance tax.

The senior leader pointed out that industrialists like Mukesh and Anil Ambani had taken years to reach this position. He said that to allay people's suspicions, Jaganmohan Reddy should explain the secret behind his economic prosperity.

Meanwhile, Hanumantha Rao's words were echoed by Congress Spokesperson Tulasi Reddy.

Launching an indirect attack, Tulasi Reddy said, "People are talking about Jaganmohan Reddy's assets. There are rumours that he owns a palace in Bangalore, and another in Pulivendula, and a palatial house here in Hyderabad."

Tulasi Reddy also said that the question about Jaganmohan Reddy's wealth was not raised till the time he was in the party.

Courtesy: INN
filed in:  Congress, V Hanumantha Rao, Tulasi Reddy
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patriot on 11th Jan 2011, 9:44pm | Permalink
i heard that jagan's fortune is valued to be around 9 lakh crore rupees which comes to around 180-200 billion USD which makes him far ahead of Mukesh Ambani and his brother Anil combined to be the richest man in the world. That's why Jagan is acting like this.
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