In June 2007, YS Rajasekhara Reddy, along with his son Jagan Mohan Reddy, was seen at the foundation-stone ceremony of Gali Janardhana Reddy's Brahmani Steels in Andhra Pradesh's Kadapa district. Even at that time there were allegations that YSR had given away 10,670 acres of government land at throwaway prices. Today, Gali Janardhana Reddy and YS Jagan Mohan Reddy are both facing a CBI probe that is also investigating financial links between the two. The YSR family and Gali brothers were seen to have enjoyed a symbiotic relationship that helped both parties. It was YSR, who granted lease for Gali's mining operations in Andhra Pradesh.
http://www.youtube.com/watch?v=-XEzCztS-gg&feature=player_embedded
Moreover, a plush building in Hyderabad, which houses the registered office of Jagati Publications that runs the Jagan-owned Sakshi newspaper, shares the address with two other firms, Red Gold Enterprises and RR Global Enterprises that are alleged to be the investment link between Janardhana Reddy's Obalapuram Mining Company (OMC) and Jagan's companies.Meanwhile, documents linking Red Gold as a partner of OMC are said to have been found. The documents suggests that OMC was obliged to sell 50 percent of all iron ore mined, at operational cost plus five percent, to Red Gold. This was said to be for help in identifying deposits and getting licences and permissions. Critics point out that such a consultancy worth Rs 400 crore per annum is unheard of. Meanwhile, RR Global Enterprises, another trading company dealing with iron ore, has reportedly invested Rs. 44 crore in Jagati Publications.
The new evidence of a financial link between the two parties, if established by the CBI, can spell more trouble for YS Jagan and Gali Janardhana Reddy
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