Sunday, June 10, 2012

Don’t waste a good crisis, learn from the 1991 lessons - The Times of India

Don’t waste a good crisis, learn from the 1991 lessons - The Times of India: "Soon after his arrest, the counsel for the CBI said, "Jagan Reddy grew enormously rich in a short span of four years after influencing his father Rajasekhara Reddy (who was then chief minister of Andhra Pradesh) by getting ill-gotten money into his own firms from investors who were doled out favours as part of quid pro quo." Reddy's declared wealth rose from Rs 1.7 crore in 2004 to Rs 77 crore in 2009 and to Rs 365 crore in 2012. Those "doled-out favours" related to the same unreformed sectors. "

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