YSR not a shareholder in companies that invested in his son's businesses, say Ministers
Ministers in the State Cabinet have held YSR Congress president Y.S. Jaganmohan Reddy of being responsible for the taint on the role of former Chief Minister late Y.S. Rajasekhara Reddy in the assets amassed by the former.
YSR was not a shareholder in the companies that invested in his son's businesses and the late leader preferred transparency in all the issues he handled. “It is for Mr. Jaganmohan Reddy to prove that the charges levelled against his father are false instead of allowing YSR's image getting tarnished,” Minister Vatti Vasant Kumar says.
Mr. Vasant Kumar was addressing a press conference here on Tuesday along with four other Ministers – N. Raghuveera Reddy, Mopidevi Venkataramana, Kasu Venkata Krishna Reddy and M. Maheedhara Reddy. He dismissed charges against the ruling party by MLAs loyal to Mr. Jaganmohan Reddy who resigned from their posts on Monday claiming they could not bear the attempts to denigrate YSR by the Congress any longer.
Referring to claims of conspiracy behind the death of YSR in a helicopter crash on September 2, 2009, the Minister questioned why Mr. Reddy did not raise the issue in Parliament and get the doubts clarified when he was the Member of Parliament. Mr. Reddy was trying to raise doubts over YSR's death, in spite of probes by the DGCA and CBI proving it to be an accident, for selfish political ends. “The charges are aimed at diverting the attention of the people,” he said.
YSR, Mr. Vasant said, was known for ordering investigation by the Central Bureau of Investigation (CBI) whenever charges were levelled against him or Ministers in his Cabinet. “YSR would have ordered a CBI probe had he been aware about the doubts expressed by the Income Tax Department's assessment order against Jagati Publications owned by his son,” he said.
Mr. Reddy's claims that he was being harassed after leaving the Congress were also far from truth as the IT assessment order for 2008-09 raised doubts about the companies that invested in his businesses. This was followed by the correspondence that culminated in a notice being served on Mr. Reddy and the ongoing CBI investigation relied more on the findings of the IT Department which slapped an additional tax of Rs. 122 crore.