Siblings in the Spotlight: Legal Drama Unfolds within YSR Family

YSRCP chief YS Jagan Mohan Reddy has accused his sister, AP Congress president YS Sharmila, in a legal dispute over the alleged illegal transfer of shares in Saraswati Power and Industries. The case has intensified their family feud, with Jagan seeking to revoke a previous memorandum of understanding regarding the share transfer.

YSR Congress Party leader Jagan Mohan Reddy has initiated a legal battle against his sister, YS Sharmila, over the alleged unauthorized share transfer of Saraswati Power and Industries. The case, currently under the Hyderabad bench of the National Company Law Tribunal, marks a deepening rift between the siblings.

Jagan claims that an agreement to transfer shares from himself and his wife to Sharmila was based on love but remained subject to legal clearances. He now seeks to revoke this agreement, citing deteriorating familial relations and legal complexities.

The former Chief Minister's petition highlights a sequence of events where the alleged share transfer has strained family ties. The unfolding litigation underscores the siblings' increasingly public discord, culminating after Sharmila's alignments with the Congress party earlier this year.

(With inputs from agencies.)