In a dramatic turn of events, YS Jagan Mohan Reddy, the Chief Minister of Andhra Pradesh and leader of the YSR Congress Party (YSRCP), has filed a case against his own mother, YS Vijayamma, and sister, Sharmila, over a dispute concerning shares of a family-owned company. The legal battle was filed in the National Company Law Tribunal (NCLT) in September, and the details have only recently come to light. The case has now become a hot topic of discussion, not just within political circles but also within the Reddy family itself.

Dispute Over Saraswati Power Shares

The root of the dispute lies in the shares of Saraswati Power and Industries Private Limited, a company established during YS Rajasekhara Reddy’s tenure. When the company was created, Jagan, who played a key role in its establishment, allocated some of its shares to his mother and sister. The company, which promised to bring industries and employment opportunities to the Palnadu region, was able to acquire large amounts of land at relatively low prices due to these promises.

However, AP ex cm YS Jagan now alleges that his mother, YS Vijayamma, unlawfully transferred shares originally intended for her to his sister Sharmila, without his consent. In his petition, Jagan has requested the NCLT to return these shares to him, claiming that he no longer wishes to share the assets due to recent political tensions within the family. His wife, YS Bharati, is also listed as a co-petitioner in the case, making it a united front by the couple against YS Vijayamma and Sharmila.

Suitcase Company ?

Interestingly, despite the large-scale land acquisitions made in the name of Saraswati Power, the company exists only on paper. It has not produced any revenue or generated any industrial output, despite the promises of employment made during its establishment. Jagan and Bharati argue in their petition that they have contributed significantly to the growth of the company, which primarily occurred during Jagan’s tenure as Chief Minister, when he was able to allocate water and mineral resources to support the company’s potential future operations. Yet, the lands acquired under the company remain unused, leading to ongoing disputes about the promised job creation.

The case has also sparked debate in YSRCP cadre about YS Jagan’s use of political power to resolve family disputes. Following the death of YS Rajasekhara Reddy, Jagan has been accused of using his mother and sister for political gain. YS Vijayamma was made honorary president of YSRCP and was sent to the Assembly as part of Jagan’s early political strategies. However, after rising to power, YS Jagan gave neither his mother nor his sister any significant political positions. His sister, Sharmila, who campaigned tirelessly for Jagan, was left out of the power structure entirely, despite her strong public efforts during Jagan’s time in prison and political struggle.

Now, this shares dispute adds a new chapter to the already tense family relations. Many are questioning whether Jagan is using this legal battle as a tool to further distance himself from his mother and sister, especially given Sharmila’s recent political moves in Andhra Pradesh , which are seen as a challenge to YS Jagan’s influence.

As the NCLT hearing approaches in November, all eyes are on how this YSR family drama will unfold and its potential impact on YS Jagan’s political career YSRCP party .The public nature of this case, combined with Jagan’s sharp accusations against his mother and sister, raises questions about his legacy as the son of YS Rajasekhara Reddy.

As the November 8 hearing approaches, YSR followers will wait to see how this legal drama will impact the future of YS Jagan and YSRCP party.

-Sanyogita