Amaravati: In a fresh attack amidst a property dispute, APCC president Sharmila has openly questioned Chief Minister Jagan Mohan Reddy regarding the legality of recent share transfers. Sharmila raised concerns over a 2019 Memorandum of Understanding (MoU) where shares were to be transferred entirely to her. She alleged that in 2021, Saraswati sold shares of Classic Realty and Sandur Power for Rs 42 crore to Jagan’s mother, Vijayamma, and questioned if they were aware that such actions might affect Jagan’s bail status.
Sharmila accused Jagan of using the transfer of shares for political gain, despite knowing it wouldn’t impact bail, labeling it “the biggest joke of the century.” She stated that the ED (Enforcement Directorate) attached only immovable properties worth Rs 32 crore, not shares, and that the attachment did not restrict share transfers.
Additionally, Sharmila emphasized that Vijayamma is fully aware her son’s bail is secure, and she refuted claims that any letters involving the transfer were coerced.
In light of the ongoing dispute, Sharmila has also requested Y-category security from the state government, citing a need for 4+4 security, a measure previously provided but reduced to 2+2 after the formation of her Telangana-based political party.
