YSR Congress Party (YSRC) Member of Parliament Vijay Sai Reddy has received a fresh notice from the Enforcement Directorate (ED) in connection with the ongoing investigations into irregularities at the Kakinada Port. The ED has summoned Reddy to its office for questioning on January 6, 2025.
This follows a previous notice, which Reddy was unable to attend due to the ongoing parliamentary sessions. The fresh summons raises questions as to whether the MP will comply this time, with the possibility of arrest if he fails to attend the investigation.
Allegations of Irregularities and Money Laundering at Kakinada Port
The ED has identified potential money laundering activities at the Kakinada Seaport, involving allegations that Reddy forcibly seized assets from KV Rao. The ED has already issued notices to several individuals involved in the case, including YSRC leader YV Subbareddy’s son, Vikrant Reddy, and Aravindo director Sharath Chandra Reddy. However, Vikrant Reddy has informed the ED of his health issues and failed to appear for questioning.
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KV Rao Files Formal Complaint with CID
In addition to the ongoing investigations, KV Rao has filed a formal complaint with the CID, accusing Vijay Sai Reddy of coercing him into relinquishing his assets at the Kakinada Seaport. The ED has responded by issuing notices to the individuals involved, ordering them to appear for further questioning. Allegations have surfaced that assets worth Rs 2,500 crore at Kakinada Port were transferred at a significantly lower value of Rs 494 crore, while assets worth Rs 1,109 crore at Kakinada SEZ were transferred for just Rs 12 crore to the Aravindo group.
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