Did Jagan received Emaar Cash?
The statement given by Kodali Srinivasa Rao, Manager of Stylish Homes to the CBI that excess amounts paid illegally for Emaar Villas by the purchasers were received by Koneru Prasad’s son Koneru Pradeep and Y S Jagan Mohan Reddy’s relative Sunil Reddy points out at the involvement of the controversial son of the former Chief Minister in the scam that rocked the state.
According to reports, purchasers including IAS officer SP Singh and MLA Sudhir Reddy paid the price mentioned in the documents through cheque and the rest in cash, brought in bags to Koneru Prasad’s Jubilee Hills residence and given there. He told the agency that he has himself handed over this money to Pradip Reddy and Sunil Reddy.
This revelation clearly proves the involvement of Sunil Reddy. However CBI is yet to get a confession from Sunil Reddy about the end receiver of this cash. If he says that he gave the money to Jagan or names some one else, that person would be brought into the charge-sheet.
Thummala Ranga Rao, director of Stylish Homes has created seven companies to buy 105 acres of land with the black money. Srinivasa Rao who was the director of these companies also has stated that Koneru Prasad has also purchased 65 acres of land. What was done with the money received by Sunil Reddy is being investigated now.