Wake up 'Legend' Mohan Babu

Senior actor Mohan Babu is crying foul over the arrest of industrialist Nimmagadda Prasad in connection with the illegal assets case of YS Jagan. He stated that Brand AP & Brand Telugu took a beating with the arrest of 'wonderful human being' Mr Nimmagadda.

YSR's government has allotted 15,000 acres land to Prasad's Vadrarevu and Nizampatnam Port & Industrial Corridor (Vanpic) in Guntur and Prakasham districts for setting up two ports. He also received several concessions like exemption of stamp duty and registration charges, which is a violation of rules. Although Rs 450 crores were allotted as compensation for acquiring the lands of farmers, he paid only Rs. 150 crores to them. And the most shocking aspect is that he already sold some of these lands.

Mr Nimmagadda amassed thousands of crores worth wealth using his good relations with former chief minister late YS Rajasekhar Reddy. In return to the favours he received from YSR, he invested Rs.504 crore in Jagan companies.

How can a person who committed a huge financial fraud be termed as wonderful human being? If Mr. Nimmagadda is really innocent, then he will come out clean. Mohan Babu need not worry! Telugu People are more important than Brand AP or Brand Telugu.