In response to the continuing property dispute between her son Y. S. Jagan Mohan Reddy and daughter Y. S. Sharmila, Y. S. Vijayamma, the spouse of late former Andhra Pradesh Chief Minister Y. S. Rajasekhara Reddy (YSR), has issued an open letter denying claims that her husband had divided the household belongings between their youngsters throughout his lifetime.
Addressing admirers of YSR, Vijayamma expressed her misery over the statements made by YSR Congress Get together (YSRCP) leaders Y. V. Subba Reddy and V. Vijaya Sai Reddy, who claimed that the household belongings have been cut up between Jagan and Sharmila whereas YSR was nonetheless alive. She clarified that whereas YSR had given sure belongings to each his son and daughter as they have been rising up, this was not an official division of property.
Vijayamma accused Vijaya Sai Reddy, the household auditor, and Subba Reddy, who signed the MoU as a witness, of spreading misinformation. She emphasised that YSR’s intention was to make sure that all household belongings could be equally distributed amongst his 4 grandchildren.
Reiterating her daughter Sharmila’s stance, Vijayamma acknowledged that though Jagan’s efforts had elevated the worth of the belongings, the properties have been family-owned. She revealed that Jagan had given Sharmila a dividend share value Rs 200 crore, based on a 60:40 cut up outlined in a MoU. Earlier than the MoU, Sharmila had an equal share, as per YSR’s needs.
Vijayamma recounted an incident from 2019, two months after Jagan grew to become Chief Minister, when he proposed an asset distribution plan throughout a household go to to Israel. In keeping with her, the MoU designated particular properties to every sibling, however Sharmila’s share of the properties that weren’t hooked up by the Enforcement Directorate (ED), together with Saraswati Energy and the Yelahanka property, was not transferred regardless of verbal and written assurances from Jagan. The properties beneath ED attachment, akin to shares in Bharati Cements, Sakshi Media, and their father’s dwelling, are anticipated to be transferred to Sharmila after ongoing court docket circumstances are resolved.
Defending her daughter’s contributions, Vijayamma talked about that Sharmila had devoted herself to supporting Jagan politically and performed a big function in his ascent to energy.