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Jagan Reddy Sends Authorized Discover To Andhrajyothi For ‘False’ Reviews About Him Linked To Adani Group

by Index Investing News
December 1, 2024
in Financial
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Former Andhra Pradesh Chief Minister Y.S. Jagan Mohan Reddy on Saturday despatched a authorized discover to the Andhrajyothy publication demanding an unconditional apology for spreading defamatory and false reviews about him in regards to the US Securities and Alternate Fee authorized proceedings associated to the Adani Group.

The discover rejected these claims as “false” and accused the newspaper of spreading malicious details about the YSRCP President. It said that the allegations sourced from US judicial proceedings aimed to “trigger extreme injury” to Jagan’s status each as a person and because the head of the YSR Congress occasion in addition to to malign Reddy’s functioning because the chief minister of the state between 2019 to 2024.

The discover criticised the publication for disseminating “untruthful materials”, alluding to bribes allegedly paid for securing agreements associated to solar energy purchases throughout his administration.

In response to reviews claiming state officers acquired bribes for solar energy purchases, the discover clarified that the facility buy settlement was an association among the many Andhra Pradesh authorities, DISCOMs, and the Photo voltaic Power Company of India, with no third occasion concerned.

“It was SECI, an instrumentality of the federal government of India, that had made the phenomenally useful provide to the federal government of Andhra Pradesh,” states the discover.

The principle benefits to the state owing to the provide from SECI inlcude:

  • This proposes an association between GoI endeavor and state authorities.

  • The tariff at which the solar energy was provided was the most affordable of the charges at which the Andhra Pradesh Distribution utilities have been procuring solar energy until date.

  • The provide from SECI additionally emphasises the Ministry of Energy, GoI’s particular incentive of waiver of Intern-State Transmission Expenses on the facility bought from SECI, which interprets to an influence of round Rs 2 per unit of energy.

The tariff of Rs 2.49 per unit provided for solar energy was the bottom in 25 years in Andhra Pradesh for procurement of solar energy or wind energy, but the publication continued to publish articles suggesting bribery associated to US court docket proceedings. Jagan has known as for an unconditional apology to be prominently printed on the entrance web page of the newspaper.



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