VANPIC case: Nimmagadda Prasad detained in Belgrade
Industrialist Nimmagadda Prasad, accused in an alleged disproportionate assets case against Andhra Pradesh Chief Minister Y S Jagan Mohan Reddy, has been detained in Belgrade.
His counsel, Uma Maheswara Rao, informed a local CBI court about the development through a memo as Nimmagadda was supposed to return to India from his foreign tour on Friday.
According to CBI, Nimmagadda got nearly 24,000 acres of land from the Andhra Pradesh government in 2007-08 for
the Vadarevu and Nizampatnam Port and Industrial Corridor (VANPIC) project, in return for investments made by him in Jagan's businesses. Jagan's father Y S Rajasekhara Reddy was the chief minister at that time.
The Serbian police, on July 28, arrested the Indian businessman following a complaint by the Ras Al Khaimah (RAK) government in connection with the case, sources said.
The Ras Al Khaimah government's entity in the United Arab Emirates (UAE) had invested in the project.
RAK is one of the seven emirates that make up the ...