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CID likely to summon YV's son Vikranth
The New Indian Express Vijayawada
|December 24, 2024
ANDHRA Pradesh Crime Investigation Department (APCID) is likely to summon Vikranth Reddy, son of YSRC MP YV Subba Reddy, as part of its probe into the alleged irregularities in the transfer of shares of Kakinada Sea Port Ltd (KSPL) and Kakinada SEZ.
APCID sources said Vikranth's statements are expected to shed light on the alleged multi-crore fraud involving the forceful acquisition of KSPL shares from the KVR Group by Aurobindo Realty. The accused is charged under relevant sections for fraud and blackmailing KV Rao with fake audit reports. The reports claimed tax evasion of ₹965 crore, leading to the tra
This story is from the December 24, 2024 edition of The New Indian Express Vijayawada.
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