Vijayawada (Andhra Pradesh) [India], October 26 (ANI): Addressing her stance in an ongoing property dispute with her brother, former Andhra Pradesh Chief Minister YS Jagan Mohan Reddy, Andhra Pradesh Congress chief YS Sharmila Reddy asserted that she has not received a single asset legally due to her.
The legal battle between the siblings began when former Chief Minister YS Jagan Mohan Reddy filed a plea with the National Company Law Tribunal (NCLT), claiming that shares in Saraswati Power and Industries Private Limited were initially allocated to his sister “out of love and affection” but later retracted due to her emerging political opposition.
In a three-page letter to YSR supporters, YS Sharmila Reddy stated, “All the properties Jagan Mohan Reddy claims as his own are, in fact, family assets.”
“My father mandated that all assets he established–whether Saraswati Power, Bharati Cements, Sakshi Media, Classic Realty, Yelahanka Property, or others–be equally shared among his four children (except for Sandur). No distribution of assets occurred while Rajasekhara Reddy was alive, and even after his sudden passing, no distribution has taken place. To this day, I have not received even one asset that legally belongs to me,” Sharmila wrote.
Sharmila claimed that Jagan Mohan Reddy’s outlook changed significantly upon becoming Chief Minister in 2019, when he suggested the family should “part ways.”
“Within a month of taking office, he proposed that we separate, insisting that separation was inevitable. He proposed a 60-40 split, which my mother also found unfair,” Sharmila recounted.
In her clarification, Sharmila stated, “For all YSR supporters who might misunderstand my mother or me, I present these facts to you. I remind you that although I have held the MoU for five years without receiving any asset from it, I refrained from disclosing it to the media or courts, out of respect for the YSR family’s honour.”
She added, “If these private letters and the MoU are now public, it is due to Jagan Mohan Reddy’s actions, causing immense distress to my mother, tarnishing the YSR family’s image, and affecting the morale of all YSR supporters.”
Meanwhile, YSRCP spokesperson and former MLA Rachamallu Sivaprasad Reddy criticised Andhra Pradesh Congress chief YS Sharmila Reddy, accusing her of conspiring against YSRCP chief YS Jagan Mohan Reddy’s political career and aligning with rivals Chandrababu Naidu and TDP MLA Paritala Sunitha in pursuit of power.
Speaking to the media in Proddatur, Rachamallu said that YS Jagan retains love and respect for his sister, which is why he offered her a share in his self-acquired assets. He clarified that his appeal to the NCLT was made only due to unavoidable circumstances, not to stake a claim on family assets. The former MLA emphasised that regardless of YS Jagan’s situation, party leaders and workers share a deep emotional bond with him. (ANI)
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