One of the richest Indian politicians with declared assets of Rs 365 crore, the young leader has been in news, most of the times for wrong reasons
Hyderabad Y S Jaganmohan Reddy, who was arrested by the Central Bureau of Investigat
ion ( CBI) in a disproportionate assets case on Sunday, has seen many controversies but has emerged as a force to reckon with in Andhra Pradesh politics in a short span of time, reports IANS. One of the richest Indian politicians with declared assets of Rs 365 crore, the young leader has been in news, most of the times for wrong reasons, since his father and state chief minister Y S Rajasekhara Reddy died in a helicopter crash in September 2009.
First projected as the next chief minister and then dumped by his late fathers loyalists on the direction of Congress leadership, the businessman- politician was isolated, leading to his exit from the party but has since proved his ability as a crowd- puller.
The legacy of his popular father, a sustained campaign to reach out to masses, an aggressive nature, the youth factor and also the money power helped Jagan, as he is popularly known, to remain afloat even in adversity.
The 40- year- old, seen by many as the most popular leader in state politics, is giving sleepless nights to both the Congress and the Telugu Desam Party ( TDP) and has emerged as the third major political force since launching YSR Congress Party last year.
YSR Congress party even sees his arrest as a blessingin disguise as it hopes to cash in on the public sympathy in June 12 by- elections to one Lok Sabha and 18 assembly seats.
By leaving the Congress party, which his father brought back to power in the state in 2004, and by single- handedly taking on both it and the TDP, Jagan has proved that he is here to play a long innings in state politics.
Jagan, who has been accusing Congress, TDP and CBI of ” match- fixing” to implicate PROFILE Jaganmohan Reddy arrives at CBI office in Hyderabad
implicate him, even used his appearance before CBI as a platform to attack his political rivals.
With a record- shattering win in Kadapa by- elections last year, Jagan has already proved that he is a force to reckon with. Without charisma of his father and the Congress party, he retained Kadapa Lok Sabha seat with a record majority of over five lakh votes.