No Insider Trading In Amaravati: HC

[Anta Assamey]

In what can be a setback to the Andhra Pradesh government headed by chief minister Y S Jagan Mohan Reddy, the state high court on Tuesday struck down the criminal cases filed by state Crime Investigation Department (CID) in connection with the alleged insider trading in land transactions at Amaravati.

The high court gave a judgement to this effect, stating that there was no scope for insider trading in the land transactions.

The CID filed cases against several people closer to Telugu Desam Party stating that they had purchased lands in Amaravati after being privy to the information from the then Chandrababu Naidu government that the area was being developed as state capital.

The state government argued that the leakage of information to a select few people about the capital city amounted to insider trading. However, one of the buyers of the land Kilaru Rajesh moved the high court challenging the CID cases.

He alleged that there were no complaints from anybody who had sold their lands.

“How can the government file the cases without any complaint from the sellers? It is nothing but witch hunting by the Jagan government,” advocate Posani Venkateshwarlu, who argued on behalf of petitioner said.

The high court, which heard arguments from both the sides that sections under Indian Penal Code were not applicable to insider trading. It struck down the cases filed by the CID.

It remains to be seen whether the Jagan government will move the Supreme Court or withdraw the cases.

If the case is struck down even in the Supreme Court, then even former advocate general Dammalapati Srinivas and daughter of present Supreme Court judge would also get big relief.

[TOM_BHAYYA]

Make Amaravati Capital Again

[Hydrockers]

Ao no complaints no scam ?

[Anta Assamey]

1 minute ago, TOM_BHAYYA said:

Make Amaravati Capital Again

MACA..... 

[kittaya]

1 minute ago, TOM_BHAYYA said:

Make Amaravati Capital Again

adi ela chestharu va... porapatuna chesthe mana jagan nidra pothada cheppu... 

 

[Anta Assamey]

Just now, Hydrockers said:

Ao no complaints no scam ?

According to the court No Proofs of scam .... You can infer from it ... 

[TOM_BHAYYA]

Just now, kittaya said:

adi ela chestharu va... porapatuna chesthe mana jagan nidra pothada cheppu... 

 

No insider trading,  no 3 capitals

[snoww]

4 minutes ago, TOM_BHAYYA said:

Make Amaravati Capital Again

Make Baboru CM again. 

Make Amaravati top 5 city in the world again. 

[Piracy Raja]

[kittaya]

3 minutes ago, TOM_BHAYYA said:

No insider trading,  no 3 capitals

as per pulkas... we dont attack we only defend.... 

potapatuna case vesthe... polalo sachipothunaru ... 

example kethi reddy silent ga vesesi.... ippudu road show lu chesthunadu

[Hydrockers]

3 minutes ago, TOM_BHAYYA said:

No insider trading,  no 3 capitals

Ok

[kittaya]

2 minutes ago, snoww said:

Make Baboru CM again. 

Make Amaravati top 5 city in the world again. 

nu unntavaaa kaka cheppu

 

[Sachin200]

3 minutes ago, snoww said:

Make Baboru CM again. 

Make Amaravati top 5 city in the world again. 

 

[ticket]

Food court antunna jaffas.... 

[ZoomNaidu]

Wow - finally Pulkas got respect on courts suddenly 😂😂 

idhey court Jaggad ki bail isthey appatlo edchinaaru ga invalid ani ippudu maathram for ga vundhi kaabatti ok na 😉😂