Minister Geetha Reddy need to resign after she was named in CBI charge sheet
Andhra Pradesh minister for Major Industries J Geetha Reddy is bound to resign from the state cabinet after she was named along with two former ministers and YSR Congress chief Y S Jaganmohan Reddy in two fresh charge sheets filed in a local court by CBI which is probing alleged quid pro quo investments in companies owned by the jailed Kadapa MP.
Immediately after the chargesheet, she met the Chief Minister N Kiran Kumar Reddy and offer to resign from the cabinet. However, Chief Minister reportedly persuaded her to wail till the CBI court admitted the charge sheet. She is the fourth minister named in the charge sheets being filed by CBI in disaprorionate assets cases against Y S Jaganmohan Reddy.
In May, last year Mopidevi Venkata Ramana resigned from the cabinet after he was arrested by CBI in this regard and he is now in Chenchalguda prison, along with Jaganmohan Reddy. He only released on Wednesday on interim bail on health grounds. Few months ago ministers Dharmana Prasada Rao and Samitha Indra Reddy were rsigned from the cabinet, following their names were figured in charge sheets.
However, another minister Ponnala Lakshama was spared from these cases, but was figured only as an witness.Besides naming Jaganmohan Reddy and his auditor V Vijayasai Reddy, the CBI has also named Dr. Geetha Reddy, former ministers Dharmana Prasada Rao, Sabitha Indra Reddy and some IAS officers like Ratna Prabha, Sam Bob, M Samuel, as well as suspended IAS officer B P Acharya. The CBI has also named Sham Prasad Reddy, the promoter of the Indu Group, in its chargesheet against LKH
They have been charged by the CBI in the Jagan assets case, for making investments as a quid pro quo arrangement, in exchange for alleged favours by the YSR government. So far, the CBI has filed eight charge sheets against Jaganmohan Reddy and others accused in the case. This includes the three charge sheets filed on September 9 against Penna Cements, Raghuram (Bharathi) Cements and India
Cements, naming its managing director N Srinivasan.
The Jaganmohan Reddy case relates to alleged investments made by private firms and individual investors in Jagan's companies as a quid pro quo for government favours when his father, late Y S Rajasekhara Reddy was Andhra Pradesh
The CBI has accused Jagan of amassing huge wealth through illegal means by misusing the office of his late father YS Rajasekhara Reddy when he was chief minister of Andhra Pradesh between 2004 and 2009.