Jagan, who was present in the court, argued his case on his own for a while with the permission of the court and described the whole case as a political vendetta. “Sakshi newspaper is the eighth biggest newspaper in the country and it makes business sense to invest in the paper. Why is it being made out to be a crime to invest in my paper.
When a rival daily Eenadu valued itself at Rs 6,000 crore, nobody faulted it and when my paper was valued at half of that cost, it is being shown as a scam. When Eenadu sold its shares at Rs 5.25 lakh per share and got Rs 2,500 crore as investment it was not seen as a scam. But when Sakshi sells its share at Rs 350 per share, it is being shown as a scam. Since the bypolls are slated to take place, attempts are being made through the CBI to keep me away from the people,” Jagan told the court.
The One very thing Jagan forgot was Eenadu was 30 years old when it was valued, Sakshi was valued before it was released.