<p>Hyderabad: The Enforcement Directorate (ED) sleuths questioned YSRCP Rajya Sabha member V Vijaysai Reddy for nearly six hours in Hyderabad on Monday in connection with the alleged coercive acquisition of shares in Kakinada Deep Water Port (KDWP) by Aurobindo Realty & Infrastructure Pvt Ltd. (ARIPL), which belonged to his son-in-law.</p><p>Kakinada Seaports Limited (KSPL)'s former CMD, Karnati Venkateswara Rao, popularly known as KV Rao in trade and industry circles, last month lodged a complaint with CID accusing robbing his family-owned enterprise, Kakinada Infrastructure Holdings Pvt. Ltd. (KIHPL), of its 41.12% share in KSPL. </p><p>Based on Rao's complaint, CID registered a case against Vijayasai Reddy, his son-in-law P Sarath Chandra Reddy, and another YSRCP senior leader, YV Subba Reddy's son, Y Vikranth Reddy, auditing firm PKF Sridhar & Santhanam LLP, and ARIPL.</p>.Andhra Pradesh's proposed bus scheme to cost Rs 277 crore per month, delegation visits Karnataka.<p>"They interrogated me for six hours, asking 25 questions, primarily based on the allegations made by KV Rao. As a public representative, I often receive requests from different individuals. Some ask me to speak to officials to resolve their issues, while others request I contact business leaders for job opportunities. As part of my responsibilities, I make such calls frequently. However, regarding Kakinada Sea Port, I categorically clarified during the inquiry that I neither called KV Rao nor promised to send Vikrant Reddy to him," Vijaysai Reddy told reporters after ED questioning on Monday.</p><p>In his December complaint, Rao claimed that threats of his own and his family's arrest compelled him to sign agreements that facilitated the transfer of shares in favour of Aurobindo Realty & Infrastructure. He claimed that a massive fraud took place, depriving KIHPL of assets worth Rs 2,500 crore for just Rs 494 crore and KSEZ of assets valued at Rs 1,109 crore for just Rs 12 crore.</p>
<p>Hyderabad: The Enforcement Directorate (ED) sleuths questioned YSRCP Rajya Sabha member V Vijaysai Reddy for nearly six hours in Hyderabad on Monday in connection with the alleged coercive acquisition of shares in Kakinada Deep Water Port (KDWP) by Aurobindo Realty & Infrastructure Pvt Ltd. (ARIPL), which belonged to his son-in-law.</p><p>Kakinada Seaports Limited (KSPL)'s former CMD, Karnati Venkateswara Rao, popularly known as KV Rao in trade and industry circles, last month lodged a complaint with CID accusing robbing his family-owned enterprise, Kakinada Infrastructure Holdings Pvt. Ltd. (KIHPL), of its 41.12% share in KSPL. </p><p>Based on Rao's complaint, CID registered a case against Vijayasai Reddy, his son-in-law P Sarath Chandra Reddy, and another YSRCP senior leader, YV Subba Reddy's son, Y Vikranth Reddy, auditing firm PKF Sridhar & Santhanam LLP, and ARIPL.</p>.Andhra Pradesh's proposed bus scheme to cost Rs 277 crore per month, delegation visits Karnataka.<p>"They interrogated me for six hours, asking 25 questions, primarily based on the allegations made by KV Rao. As a public representative, I often receive requests from different individuals. Some ask me to speak to officials to resolve their issues, while others request I contact business leaders for job opportunities. As part of my responsibilities, I make such calls frequently. However, regarding Kakinada Sea Port, I categorically clarified during the inquiry that I neither called KV Rao nor promised to send Vikrant Reddy to him," Vijaysai Reddy told reporters after ED questioning on Monday.</p><p>In his December complaint, Rao claimed that threats of his own and his family's arrest compelled him to sign agreements that facilitated the transfer of shares in favour of Aurobindo Realty & Infrastructure. He claimed that a massive fraud took place, depriving KIHPL of assets worth Rs 2,500 crore for just Rs 494 crore and KSEZ of assets valued at Rs 1,109 crore for just Rs 12 crore.</p>