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Jagan’s declaration of assets shoots up controversy

Posted by on April 16, 2011 0 Comment

Hyderabad, April 16 : The assets of YSR Congress Party leader and candidate in Kadapa Lok Sabha constituency, Mr Y S Jagan Mohan Reddy, which were declared by him in election affidavit seem to be generating ‘controversy’ on his properties.

From the beginning, the entire Opposition, including the Telugu Desam party, was charging Mr Jagan, who is the son of late chief minister YSR, with amassing huge properties by misusing power. They have also made every effort to bring Mr Jagan’s properties into light with an aim to expose corruption and partiality during YSR regime. The TDP also spared no efforts to establish late YSR as a corrupt leader by exposing his son’s properties.

The affidavit submitted by Mr Jagan Mohan Reddy to the Election Commission was now giving a handle to the Opposition to again create a controversy on his properties.     On Friday, Mr Jagan declared that he held movable and immovable assets worth Rs 365 crores, besides another Rs 41.33 crores in the name of his wife. He also declared that he did not own a vehicle.

The raging controversy is that Mr Jagan’s properties rose to Rs 365 crores in 2011 from Rs 77 crores in 2009 and Rs 9.18 lakhs in 2004. That means Jagan’s wealth has multiplied by five times in just two years. During 2008-09, Mr Jagan had paid Rs 2.92 lakh tax for the entire financial year, but in the first six months of 2010-11, he paid Rs 6.6 crores as advance tax, projecting a tax outgo of at least Rs 22 crores.

The Congress candidate for Kadapa Parliamentary constituency, Dr D L Ravindra Reddy, was also targeting his main rival Mr Jagan Mohan Reddy by harping on his properties and questioning as how he had earned such a huge fortune in just two years.

The TDP has already announced that it would utilize the by-elections to publicize and educate the people about the corrupt deeds of late YSR and his son. It wants to prove YSR, a popular leader, as a corrupt man and his son as key player in corrupt deals.

However, the properties of the young leader seem to be the main topic in the poll campaigning of the Opposition parties. Keeping in view the possible money flow in Kadapa to influence the voters, on the request of the Election Commission of India (ECI), the Directorate of Income Tax (Investigation) was also going to depute two Indian Revenue Service (IRS) officials. The police have already seized Rs 1,15,36,000 which was being transported for elections purpose.

There is widespread feeling that money and muscle power would influence the electorate. The Opposition parties and also the ruling party candidate were expressing doubts about free and fair elections in Kadapa Lok Sabha constituency. At this juncture, the Election Commission has a crucial task of building confidence in the voters and ensure free and fair polling.  (NSS)

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