Congress leader YS Sharmila criticized her brother, YS Jagan Mohan Reddy, for his comments about their family dispute being a common story, questioning the appropriateness of taking their mother to court. She highlighted that shares of Saraswati Power and Industries, promised to be transferred to her, were never attached by the Enforcement Directorate, suggesting they could have been transferred earlier. Jagan has since sought to revoke their 2019 MoU and accused Sharmila of illegally transferring shares held by him and his wife.
A legal battle has erupted within the YS family, as former Andhra Pradesh Chief Minister YS Jagan Mohan Reddy and his wife YS Bharati file a petition against his sister YS Sharmila and mother YS Vijayamma in the National Company Law Tribunal. The dispute involves alleged irregularities in share transfers of Saraswati Power and Industries, with Jagan claiming violations of the Companies Act. The tribunal's next hearing is scheduled for November 8, 2024, to address ownership and governance issues while preventing further changes in the company's structure.
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