In recent news, the Andhra Pradesh police have issued a Lookout Circular (LOC) against YSRCP MP Vijaisai Reddy. This decision follows an investigation into the Kakinada Seaport and SEZ share transfer case, where he, along with others, has been accused of wrongdoing. Vijaisai Reddy believes that this move is motivated by political intentions aimed at damaging his reputation.
The LOC also targets Y Vikranth Reddy, son of another party member Y V Subba Reddy, and Sarath Chandra Reddy, a director of Aurobindo Pharma. These individuals were previously booked by the Andhra Pradesh Criminal Investigation Department (CID) for allegedly using forceful tactics to acquire shares in Kakinada Seaport and SEZ.
According to a complaint from Karnati Venkateswara Rao, the chairman of KSPL, his family’s shares, worth over ₹3600 crores, were taken for just ₹500 crores by Aurobindo Realty (now called Auro Infra) in 2020-21, under the influence of former Chief Minister YS Jagan Mohan Reddy.
Responding to the LOC, Vijaisai Reddy questioned why it was issued when he already needs CBI court permission to travel abroad due to other cases against him. He criticized Andhra CM Chandrababu Naidu, saying that he was trying to tarnish his image without understanding the situation. Meanwhile, Vikranth Reddy has applied for anticipatory bail in the Andhra Pradesh High Court regarding this case.
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