In her PIL filed in the high court against former Chief Minister Chandrababu and his allies, YSR widow Y.S. Vijayamma (Vijayalakshmi) mainly focused on links between Chandrababu and his friends like media baron Ramoji Rao who controls the Eenadu group.

The business dealings among the trio Mr Chandrababu Naidu, Ramoji Rao and Nimesh Kampani, a close aide of Mukesh Ambani of the Reliance Industries will now be probed prominently by the investigating agencies.

Vijayamma alleged in her petition that Chandrababu ignored advice tendered by senior officials and had not taken any measures to protect the state’s interests while generating wealth for himself and for Ramoji Rao through his decisions.

Link between Kampani-Ramoji

The petition alleged that Naidu granted exploration rights in the KG basin to the Reliance Industries owned by Mukesh Ambani who in turn helped on a quid pro quo basis Chandrababu Naidu and Mr Ramoji Rao in amassing wealth.

When Ushodaya Enterprises, owned by Mr Ramoji Rao and his family, was in need of Rs 2,600 Cr to repay to investors, two associates of Mukesh Ambani had floated six companies in quick succession between December 2007 and January 2008 to help him come out of the crisis, she alleged. These companies were registered at the same address in Mumbai where Reliance has its corporate office.

Reliance Industries diverted Rs 2,604 Cr to the accounts of the newly-floated companies and these companies bought shares of the Ushodaya at a whopping premium of Rs. 5, 28, 630 per share, she said in her petition adding the original value is R.100 per share.

Ms Vijayalakshmi said that these investments were made through Nimesh Kampani, a close aid of Mukesh Ambani. “There are several malpractices and irregularities committed by Ramoji Rao. The deal has been done with an understanding between Naidu and Ramoji Rao and this must be probed,” she said.