Arrested Minister Mopidevi Resigns
posted on May 24, 2012 @ 3:51PM
Minister Mopidevi Venkata Ramana, who has been arrested by the CBI today in connection with YS Jagan Mohan Reddy's disproportionate assets case, has tendered his resignation a short while ago. Mopidevi sent his resignation letter to the Governor through PCC chief Botsa Satyanarayana.
Mopidevi Venkata Ramana has been arrested by the CBI for the discrepancies he is alleged to have resorted to as infrastructures minister while allotting lands to the VANPIC project. CBI alleges that Mopidevi has substituted BOO (Build, Operate and Own) letters in place of letters BOT (Build, Operate and Transfer) in the agreement the government entered into with VANPIC promoters. Thereby the minister has caused huge loss to the state exchequer. The minister has been arrested under sections - 120B read with 420, 477A, 409 and 420 read with 13(1) and 13(2). The CBI claims to have the evidence to prove that the minister has benifitted the propmoters of VANPIC and in turn the promoters benefitted Jagan Mohan Reddy by making huge investments in his businesses.