Hyderabad: The war of words between the two Rajya Sabha members from Andhra Pradesh has now drawn the attention of the headquarters of both the YSRCP and the BJP. The sudden appearance of a copy of YSRCP national general secretary V Vijaysai Reddy’s letter to President Ramnath Kovind, levelling money laundering allegations against BJP MP Sujana Chowdary, has become a hot topic in the political corridors.

It was Vijaysai Reddy who wrote to the President on September 26, urging him to order a probe by the Enforcement Directorate and CBI into the activities of Sujana Chowdary, whom he called an international scamster, money launderer and a master of fraudulent companies.

With this latest war of words, the distance between YSRCP and BJP seems to have widened more. Sujana’s proximity to the BJP headquarters has further lessened the bondage of Vijaysai with the PMO and Prime Minister Modi, sources said and added that this is the prime reason for Vijaysai to concentrate more on Sujana’s activities.

In his letter to the President, Vijaysai said Sujana directly owns and controls Sujana Universal industries, Sujana metal products and Sujana towers and 102 other companies. Except for eight companies, he said, all the other companies of Sujana Chowdary were involved in circular trading, book building and money laundering, and tax evasion.

In the functioning of 8 companies, 50 percent of the business is generated via shell companies, Vijaysai alleged and added that another 20 to 25 percent is generated from the foreign shell companies controlled indirectly by the Sujana group.

“It may be interested to note that about 4-5 offices (41, 34 and 60 of Nagarjuna Hills, Jubilee Hills site (fondly referred to as AGM site)-which was recently relocated to a new premises, Road# 10 C, Jubilee Hills) are used to house dozens of accounting/finance professionals, who are involved in creating fake bills, books and bank trails,” wrote Vijaysai. He said any investigation agency will need 2-3 days to make out the circular transaction trails.

Vijaysai’s major allegation is that the Sujana group owes Rs 8,000 crore to different banks and financial institutions, whereas its market capitalisation is just Rs132 crore. The shareholders of these publicly listed companies are at a huge loss, Vijaysai observed.

Sujana Universal and Sujana towers together have defaulted loans worth Rs 920 crore taken from state-run Central Bank of India and Bank of India. Between fiscal years 2011-2014, the debt burden on the books of Sujana towers grew to Rs 1,750 crore from Rs 565 crore and market capitalisation declined to Rs 37 crore from Rs 1,534 crore, Vijaysai Reddy has elaborated. He also mentioned about Singapore, Mauritius, Dubai and USA, and urged the President to order an inquiry by the ED and CBI. This inquiry has to be hastened and Sujana has to be restrained from leaving the country until then, he wrote.

Sujana has rubbished the charges by Vijaysai. In a counter-statement, the BJP MP has termed Vijaysai a confirmed criminal. He said Vijaysai was in jail for 16 months and his letter to the President was sent to the Home Ministry on November 6. Sujana accused Vijaysai of resorting to cheap tricks only to malign his reputation. Sujana added, “By showing the acknowledgement of the letter, Vijaysai has been trying to tarnish my image.”

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One comment on "War of words between Vijaysai Reddy & Sujana Chowdary in AP"

  • Writing letters to The President of India, The Chief Justice of India, Prime Minister of India, Chief Ministers, etc. is a common practice. I myself wrote several letters. Let me present few of them on which action was taken:
    • I sent a mails to Smt. Sonia Gandhi [All India Congress President & NAC Chairperson] on Pthireddypadu [this was acknowledged by Digvijaya Singh on 16.03.2007] and a proposal to include minor millets like sorghum, pearl millet, etc. a healthy diet in Food Security Bill of 2011. The bill included these millets Rs. 1 per kg [here few others might have suggested the same].
    • I sent a mail to Dr. Manmohan Singh the then Prime Minister of India & Planning Commission requesting to pay subsidy amount of Fertilizers [& kerosene, Gas to beneficiaries directly] directly to farmers instead directly to the industry, as more than 30% of the subsidies are going in to black market. In 2011 Budget Finance Minister announced direct transfer of subsidy to the beneficiaries in the case of fertilizers, kerosene and gas.
    • With this some MPs from AP submitted a request to PM to give subsidy directly to retailers instead of farmers. Another delegation of MPs headed by AP-CM met PM with a request for permission for exporting three lakh tons of rice.
    • On these two I submitted my observations to PM [letter dated 23-05-2011]. Ministry of Chemicals & Fertilizers sent me a letter referring my letter to PM, dated 28-12-2011 saying that “— as regards the issue of granting subsidy to farmers is concerned, it is submitted that: A Task Force on direct subsidy in respect of kerosene, LPG & fertilizer has been set up —- transfer subsidy directly to the farmers. —-“. This is already in implementation and the present PM said with this, government saved more than 40,000 crores of subsidy amounts.
    • In the case of rice export, I brought to the PM notice that PDS rice is entering in to FCI chain and thus farmers are not getting MSP. On this a dy. Minister from Agriculture Ministry was deputed to look in to the matter. He met the CM and advised him to pay MSP directly by Cheque. But no action by the state government.
    • UPA government announced Rs. 7,000 crore towards cell-phones to agriculture labourers. On this I suggested that this is not a good idea as this affects agriculture operations in field. Instead government can use this money to provide other benefits to them. Government cancelled the proposal of cell-phones.
    • I sent a mail to Chief Justice of India with a copy to PM, Dr. Manmohan Singh on “collegium system of recruitment of judges [relating to AP High Court Judges affiliated to one particular political party], quid-pro-co [with this Jagan was put behind bars – this is like the analogy of first wife is good then second wife is automatically bad – though the same was applicable to Chandrababu, CBI put the file in cupboard], not before me – that helped Chandrababu to escaped from the clutches of Law. Law Ministry organized a meet of CMs and Judges. My proposal of UPSC was supported by CMs but judges stick to collegium system of recruitment. The government passed a bill on this but SC judges rejected this and kept collegium system to have power in their hands.
    • I also sent mails to Narendra Modi the present Prime Minister of India on several issues, starting from demonetization. This was in Merinews on 14th November 2016. However, only in one case received response from the concerned department. This was related to Central Water Commission (CWC) report on the Krishna River availability estimation.
    • I sent a mail to (Late) Dr. Y. S. Rajashekar Reddy, the then Chief Minister of AP on the issue of cloud seeding. As suggested this was closed.

    Dr. S. Jeevananda Reddy

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