As US SEC refers to Jagan in Adani complaint, why Naidu’s TDP hasn’t yet launched an offensive
Hyderabad: Despite the US Securities and Exchange Commission (SEC) having referred to former Andhra CM Jagan Mohan Reddy in its allegations of bribery and fraud against business tycoon Gautam Adani and others, there’s a strange silence in Andhra Pradesh politics. The Chandrababu Naidu-led Telugu Desam Party (TDP)—which usually never misses a chance to attack Jagan and his YSR Congress Party (YSRCP)— is yet to launch an offensive over the matter. The YSRCP, meanwhile, maintained radio silence until late in the evening, when it released a rebuttal.
The SEC has initiated civil proceedings against Adani and others, in parallel to the criminal indictment filed by the US Department of Justice (DOJ) that has caused shockwaves in India.
In its complaint filed in a US court, the SEC has alleged ...