Our heart skipped several beats when we read that headline till we realized that it was some worthless cretin who goes by the same name as the Badshah of Dalal Street.
Apparently, this cretin is based in Bangalore and has had unsavory deals with Jagan Reddy, who is the son of the late Andhra CM YS Rajasekhara Reddy (YSR)
According to the CBI, this Bangalore based namesake invested Rs 75 crore in Jagan Reddy’s companies. This was apparently meant as a kickback / bribe for the favours that YSR would have shown.
Jagan Reddy has already spent time behind bars for exercising undue influence over YSR when he was chief minister and taking bribes to misuse YSR’s powers as Chief Minister. The modus operandi was to allott public properties, licences, mining leases, ports, real estate permissions and other benefits to persons of their choice for an indirect bribe in the form of a share allottment at a huge and unsubstantiated premium.
Anyway, the first thing that this cretin from Bangalore should do is to change his name. He is no business having the same name as the Badshah of Dalal Street and sending palpitations to millions of RJ’s fans every time he (i.e. the cretin) gets involved in unsavoury deals, scams and fraud.