Vijayawada: APCC president YS Sharmila Reddy has penned a letter to her brother, former chief minister YS Jagan Mohan Reddy, accusing him of reneging on their late father YS Rajasekhara Reddy‘s directives regarding the division of family properties. The letter, dated Sep 12, outlines Sharmila’s grievances over what she calls her brother’s failure to fulfil a memorandum of understanding (MoU) signed between them, as well as his refusal to equally distribute assets among all four grandchildren of their late father.
Sharmila stated in the letter that their father explicitly instructed that all properties acquired during his lifetime be equally divided among his grandchildren, a wish she says Jagan initially agreed to but later abandoned. She accused the YSRCP chief of “unilaterally trying to terminate the MoU and taking the dispute to court”, actions she says are against their father’s wishes.
In the letter, Sharmila points to properties like Bharathi Cements, Sakshi Media, and Saraswati Power as sources of contention, adding that her brother retains a majority stake in Bharathi Cements and Sakshi, despite the partial settlement in the MoU. The letter also reveals a personal dimension, with Sharmila expressing deep dismay at Jagan’s alleged legal actions against their mother and her, calling it an “ethical betrayal”. She claimed that the transfer of shares in Saraswati Power, promised to her in the MoU, remains unfulfilled, and accused her brother of “backtracking on verbal agreements made in our mother’s presence”.
Sharmila further criticised Jagan’s attempts to restrict her political voice, with a clause in the MoU allegedly requiring her to refrain from speaking against him and YS Avinash Reddy on public platforms. She rebuffed this as an “unreasonable demand”, emphasising that her political career is her own.
Vijayawada: APCC president YS Sharmila Reddy has penned a letter to her brother, former chief minister YS Jagan Mohan Reddy, accusing him of reneging on their late father YS Rajasekhara Reddy’s directives regarding the division of family properties. The letter, dated Sep 12, outlines Sharmila’s grievances over what she calls her brother’s failure to fulfil a memorandum of understanding (MoU) signed between them, as well as his refusal to equally distribute assets among all four grandchildren of their late father.
Sharmila stated in the letter that their father explicitly instructed that all properties acquired during his lifetime be equally divided among his grandchildren, a wish she says Jagan initially agreed to but later abandoned. She accused the YSRCP chief of “unilaterally trying to terminate the MoU and taking the dispute to court”, actions she says are against their father’s wishes.
In the letter, Sharmila points to properties like Bharathi Cements, Sakshi Media, and Saraswati Power as sources of contention, adding that her brother retains a majority stake in Bharathi Cements and Sakshi, despite the partial settlement in the MoU. The letter also reveals a personal dimension, with Sharmila expressing deep dismay at Jagan’s alleged legal actions against their mother and her, calling it an “ethical betrayal”. She claimed that the transfer of shares in Saraswati Power, promised to her in the MoU, remains unfulfilled, and accused her brother of “backtracking on verbal agreements made in our mother’s presence”.
Sharmila further criticised Jagan’s attempts to restrict her political voice, with a clause in the MoU allegedly requiring her to refrain from speaking against him and YS Avinash Reddy on public platforms. She rebuffed this as an “unreasonable demand”, emphasising that her political career is her own.
Sharmila stated in the letter that their father explicitly instructed that all properties acquired during his lifetime be equally divided among his grandchildren, a wish she says Jagan initially agreed to but later abandoned. She accused the YSRCP chief of “unilaterally trying to terminate the MoU and taking the dispute to court”, actions she says are against their father’s wishes.
In the letter, Sharmila points to properties like Bharathi Cements, Sakshi Media, and Saraswati Power as sources of contention, adding that her brother retains a majority stake in Bharathi Cements and Sakshi, despite the partial settlement in the MoU. The letter also reveals a personal dimension, with Sharmila expressing deep dismay at Jagan’s alleged legal actions against their mother and her, calling it an “ethical betrayal”. She claimed that the transfer of shares in Saraswati Power, promised to her in the MoU, remains unfulfilled, and accused her brother of “backtracking on verbal agreements made in our mother’s presence”.
Sharmila further criticised Jagan’s attempts to restrict her political voice, with a clause in the MoU allegedly requiring her to refrain from speaking against him and YS Avinash Reddy on public platforms. She rebuffed this as an “unreasonable demand”, emphasising that her political career is her own.
Vijayawada: APCC president YS Sharmila Reddy has penned a letter to her brother, former chief minister YS Jagan Mohan Reddy, accusing him of reneging on their late father YS Rajasekhara Reddy’s directives regarding the division of family properties. The letter, dated Sep 12, outlines Sharmila’s grievances over what she calls her brother’s failure to fulfil a memorandum of understanding (MoU) signed between them, as well as his refusal to equally distribute assets among all four grandchildren of their late father.
Sharmila stated in the letter that their father explicitly instructed that all properties acquired during his lifetime be equally divided among his grandchildren, a wish she says Jagan initially agreed to but later abandoned. She accused the YSRCP chief of “unilaterally trying to terminate the MoU and taking the dispute to court”, actions she says are against their father’s wishes.
In the letter, Sharmila points to properties like Bharathi Cements, Sakshi Media, and Saraswati Power as sources of contention, adding that her brother retains a majority stake in Bharathi Cements and Sakshi, despite the partial settlement in the MoU. The letter also reveals a personal dimension, with Sharmila expressing deep dismay at Jagan’s alleged legal actions against their mother and her, calling it an “ethical betrayal”. She claimed that the transfer of shares in Saraswati Power, promised to her in the MoU, remains unfulfilled, and accused her brother of “backtracking on verbal agreements made in our mother’s presence”.
Sharmila further criticised Jagan’s attempts to restrict her political voice, with a clause in the MoU allegedly requiring her to refrain from speaking against him and YS Avinash Reddy on public platforms. She rebuffed this as an “unreasonable demand”, emphasising that her political career is her own.
