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Times now echoed yellow syndicate..

Q1). Isnt it strange that Jagans media empire and

Janardhan reddys business associate operate from

same address?

Ans) Is it strange for many companies running their

offices from one multi storied apartment complex to

have the same address? If it is, then how many

companies in this country, especially in Metros which

are sharing same apartment complexes be linked in

same manner? Is it fair to link Times Now with any ofthe other co tenants of the same apartment complex for

any of the activities done by them?

It is even explained in the counter filed before the High

court of Andhrapradesh while answering the allegations

made by petitioner Mr.Shankar Rao who is a minister of

Andhra Pradesh.

Following is the extract.

The premises bearing No.8-2-120 is a residential

complex by name M/s. Krishna Sindhu Residency,

Banjara Hills, Hyderabad. In the said building complex

there are about 14 apartments. I state that M/s. Jagati

Publication Limited was incorporated with the address

of the auditors, M/s. V S Reddy & Co. for the limitedpurpose of incorporation. It is pertinent to note that

Jagati publication was incorporated with the address G-

l, Krishna sindhu residency. Red gold enterprises was

located at F-l & RR Global Enterprises Pvt Ltd at S-3 of

the same apartments. It is therefore clear that three

offices are located at three different flats in three

different floors and therefore the allegation is

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completely baseless and malicious. After about a week

after incorporation, M/s. Jagati Publication Limited

shifted its registered office to Reliance House, Road

No.7, Banjara Hills, Hyderabad.

Q2) Why has Reddys partner made huge investment in

Jagans media empire?

Ans)First of all, Reddys partner, Red Gold did not

invest a single pie in any of Sakshi group companies

and the

irony is Red Gold did not even have a bank account tillSakshi refuted the same allegation published in the rival

newspaper Eenadu nearly two years ago.

Some facts about Red gold:

The business partner of Red gold Mr.Ramasubba

reddy is a professional employee, of R.R.Global but

not a share holder or a director. Its not strange that Gali

Janardhan Reddy or anyone else for that mattershould utilize the services of Mr.Rama subbareddy (or

someone of similar expertise) who is one of

the leading geologists of our state. He had worked as

the Executive Director of Andhra Pradesh Mining

corporation when Chandrababu naidu was the Chief

Minister,incidentally the same chandrababu grantedextension of mining leases to gali janardhan reddy when

he was the cheif minister.Is it not obvious that there is a

link between Red gold and Chandrababu naidu? (One

should understand that mining leases are granted by

virtue of First Applicant basis and we presume that by

virtue of Mr Ramsubba Reddys professional geological

skills he was offered some share in Red Gold , that it

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did not materialize is another story) One should also

note that Mr.Sambasiva rao, an IAS officer had

resigned to join Chandrababu naidus Heritage Foods.

Q3) How is the 50 percent partner in janardhan Reddys

illegal mining company also a director of Jagans media

empire?

Ans)Before you taint someones name through your

broadcasting the minimum you should do is to send

your questionnaire and give the other person anopportunity to speak for themselves. That is the

principle we follow at Sakshi. Get your facts right

before you air. The so calledpartner in Janardhan

reddys mining company is not a director nor a share

holder in any of Jagans

companies.Period. R.R.Global is an investor in

Sakshi. Its an undisputed fact. Mr.Ramasubba reddywho is an employee in R.R.Global is a partner in Red

gold. Its also an undisputed fact. But what is the

relation between Gali Janardhan reddys companies and

Sakshis investors? R.R.Global where Mr.Sajjala

Diwakar reddy is a director has invested in Sakshi and

Diwakar Reddys brother Mr.Sajjala Ramakrishnareddy who is a journalist for the past three decades is

the editorial director of Sakshi. But what is the link

between Gali Janardhana reddys companies and

Diwakar reddys companies? Sajjala family, has been

in the mining business for the past three decades

and RR Global is, or was not doing any business with

Gali Janardhan reddys companies.

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Q4) Did Jagan have any stake in Brahmani steel, a

reddy owned company that got land at throw away rates

during father YSRs regime?

Ans) Mr.Jaganmohan Reddy did not have even onepercent share in this company. This land allocated in

one of the most backward district in Andhrapradesh that

is Cuddapah which is the home district of YSR family.

If YSR is interested in Quid Pro quos, then he might

have allotted lands to Gali near Hyderabad or The most

developed towns of Andhra Pradesh as it was happenedin GMRs case during Chandrababu Naidus regime.Q5) Instead of trying to be defiant, should Jagan come

clean on whether there was Quid Pro Quo between his

companies and Janardhan Reddys?

Ans) One should prove at least a single rupee

transaction between these companies. Otherwise it is

carrying up wild allegations made by the rival media inAndhra Pradesh from the last three years.

Note: Times Now has carried the same version of rival

news paper Eenadu which had published the same story

on 11th

November 2009. It was countered and answered

in detail through Sakshi on the very next day i.e.

12th

November 2009. On 17th

November 2009, for thefirst time Mr.Ramakrishna reddy, Editorial Director of

Sakshi, had answered these allegations on his name

through Sakshi.