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AP: Rs 1000 Cr+ Earned By Single Person On Liquor

AP: Rs 1000 Cr+ Earned By Single Person On Liquor

Jagan Mohan Reddy's tendency to place his trust in people and blindly delegate significant responsibilities has been quite shocking of late. 

It's well-known how liquor sales have been handled in Andhra Pradesh over the last five years. All transactions were conducted in cash, and records were kept manually. 

According to insiders, the money was eventually brought to Jagan Mohan Reddy to fund pension schemes, with cash being distributed to elderly men and women at their doorsteps every month.

However, the amount of money that was siphoned off by a particular individual over the last five years is reportedly over Rs 1,000 crore+, much to the shock of every YCP leaders and party members. Such a large sum of unaccounted money being hoarded by a single person is truly astonishing.

Sources say that this individual used to pay Rs 2 crore to Rs 3 crore per month to a popular daily newspaper to prevent any negative news about him. He also discretely maintained similar arrangements with some other media channels.

However, after YCP lost power, this person is out of radar and his whereabouts are not clear. If the sources are believed, perhaps he stopped making the monthly payments to the newspaper, or something else occurred.

As a result, the daily published an extensive story about the overall activities of the liquor business in the past five years.

To trouble Jagan Mohan Reddy, the biggest weapon could be the liquor business itself, as there was no legitimate accounting, with everything conducted as cash transactions.

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Tags: Andhra Pradesh liquor business