CONGRESS CORNERED YS JAGAN MOHAN REDDY

                          TRUE COLOUR OF Y.S

IN THE LIGHT OF THE SATYAM SCAM A SMALL PIECE OF CORRUPTION HISTORY OF Y.S. SHOCKED THE PEOPLE OF COUNTRY.

SATYAM SCAM Rs.7,800 Cr

    Y.S. SCAM Rs.78,000 Cr ??

2004

•Mr. Y.S. Rajashekar reddy sworn as chief minister in may ‘ 2004

•Before that his family assets would not exceed Rs. 50 lakhs as declared by him.

•After Mr. Y.S. assuming office as C.M his son Jagan came into picture to chanalise the corruption money of his father.

•In the process he utilised Sandur Power Company Ltd for routing the money.

Y.S. Family Promoted 3 Companies and Invested

1. Sandur Power Company Ltd               (Rs. 17.00 Cr)

2.  Saraswati Power & Infrastructure Ltd (Rs. 3.02 Cr)

3.  Silicon Infrastructure Pvt Ltd               (Rs. 7.47 Cr)

2005

Mr. Y.S. Family

M/s. Sandur Power Company Ltd

&

M/s. Saraswati Power & Infrastructure Ltd

Promoted 6 subsidiary companies and Invested

1.Carmel Asia Holdings Pvt Ltd (Rs. 12.08 Cr)

2.Pulivendula Polymers Pvt Ltd (Rs. 1.00 Cr)

3.Silicon Builders Pvt Ltd (Rs. 23.70 Cr)

4.Classic Realty Pvt Ltd (Rs. 78.89 Cr)

5.Marvel Infrastructure Pvt Ltd (Rs. 20.24 Cr)

6.Bhagwath Sannidi Estates Pvt Ltd (Rs. 2.41 Cr)

2006

M/s. Carmel Asia Holdings P Ltd

M/s. Classic Realty Pvt Ltd

&

M/s. Silicon Builders Pvt Ltd

Promoted 4 subsidiary companies and invested

1.    Janani Infrastructure Pvt Ltd           (Rs. 9.95 Cr)

2. Jagati Publications Pvt Ltd              (Rs. 73.56 Cr)

(Saakshi Telugu News Daily)

3. Indira Television Ltd (Saakshi TV)  (Rs.10.22 Cr)

4. Shalom Infrastructure Pvt Ltd         (Rs. 8.98 Cr)

2007

Mr. Y.S. Family

M/s. Sandur Power Company Ltd

M/s. Silicon Builders Pvt Ltd

&

M/s. Classic Realty Pvt Ltd

Promoted 4 subsidiary companies and invested

1.Bharti Cement Corporation Ltd      (Rs. 45.18 Cr)

2.Harish Infrastructure Pvt Ltd          (Rs. 4.97 Cr)

3.Inspire Hotels Pvt Ltd                     (Rs. 5.97 Cr)

4.Capstone Infrastructure Pvt Ltd      (Rs. 4.42 Cr)

THE STORY OF SANDUR POWER COMPANY LTD

•M/s. Sandur power a 22.5 mw power plant in Karnataka as prime channel for routing the money.

•Availed loan from Banks initially and subsequently, diluted their shareholding in favour of M/s 2i Capital and Pluri investments, Mauritius based P.C.C. companies at a premium of Rs. 71 per share and disposed 17.5% of the total equity of Sandur. In total Sandur received Rs. 125 crores from 2i & Pluri.

•Any 22.5 MW power plant can be setup in our country with a maximum investment of Rs. 90 crores (MW @ Rs. 4 crore). If 17.5% share holding is Rs. 125 crores, then the total company value is estimated at Rs. 714 crores. i.e., each MW cost Rs 31.73 crores.

•A MW capital cost is Rs. 31.73 crores valuated for obtaining the investment in Sandur from 2i & Pluri, which is suspicious and here we can confirm that the corruption money of Mr. Y.S has been routed to Mauritius using hawala and obtained back through 2i & pluri, which is nothing but money laundering.

• With that amount Sandur repaid the total bank borrowings and become Investment Company.

•Subsequently in the year 2007-08 Mr. Y.S. Jagan disposed of his shares in Sandur (1,04,62500 shares) to Mr. N. Prasad, (Matrix Prasad) Sigma oxygen limited, Sai Surya Warehousing, Excel Prosoft Ltd, Nelcast Finance, Z M Infotech Ltd.,(all belonging to one family) and obtained more than Rs. 675 crores. All the persons purchased the shares of Mr. Jagan are benefited directly or indirectly from the Govt of Andhra Pradesh. 

•From Sandur the investments are flown to Silicon Builders, Classic Realty, Carmel Asia, Janani Infra, Bhagawath Sannidi, Harish Infra, Silicon Infra, Shalom Infra (All are in Real Estate Business).

•In turn from Silicon Builders and Carmel Asia the funds are flown to Jagati Publications & Indira Television Ltd which are in Print & Electronic Media. This is nothing but routing of FDI accepted by Sandur to Media Companies through real estate companies.

•

•The above is evidence for siphoning of funds and showing official route to Money Launders.

•

•The above is nothing but corruption chanalised using the corporates, which will badly affect the Indian corporate in nearer future.

•

•In Sandur Y.S. (family / concerns) holding 37% Stake.

•In total Y.S. Family received 800 Crores in Sandur Scam.

•The company violated FEMA Act, Companies Act and used the law to channel corruption money.

Bharathi Cements (Raghuram)

  In Bharathi Cements shares are allotted 4,51,85,000 shares to Y.S. (Family / concerns) for rs. 10/- only. 

•

•The premium is ranged between Rs. 94/- to Rs. 1440/- to different persons.

•In Bharathi Cements Y.S. (Family / concerns) holds 69 % and benefited Rs. 6,500 Crores.

•India Cements Ltd purchased 12,50,000 shares at a premium of Rs. 110/- per share paid Rs. 15.00 Crores – awarded with Lime stone Mines.

•M/s. G2 Corporate services Ltd (Matrix Prasad) purchased 64,42,300 shares at a premium of Rs. 94/- per share and invested Rs. 67 Crores. Mr. N. Prasad purchased 4,59,459 shares at a premium of Rs. 175/- per share and invested Rs. 8.50 Crores.

•M/s. Dalmia Cements Ltd purchased 16,66,600 shares Premium @ 110/-, 1,37,931 shares Premium @ 1440/-, 68,965 shares premium @ 1440/- and invested Rs. 50 Crores – awarded with Lime stone Mines.

•Y.S. (Family / concerns) controls Bharathi cement corporation with 4,51,85,000 ( 69%) shares with an investment of only Rs. 45 Crores. While the others accounting for 31 % shares have invested Rs. 250 Crores.

•Similarly in Janani Infrastructure shares are allotted at a premium of Rs. 102/- per share, Shalom Infrastructure at a Premium of Rs. 30/-, Indira Television at a premium of Rs. 600/- per share.