Crucial Development in Amaravati Issue. Will Govt Lose Grip on Vital Issue?

Crucial Development in Amaravati Issue. Will Govt Lose Grip on Vital Issue?

The celebrations of the Ruling Party over a favorable verdict in the High Court in Local Elections are yet to complete but they stumbled upon another shock. The High Court had struck down all the cases related to the Insider Trading in Amaravati. A person approached the court saying that this is an issue of Government’s Vendetta politics.

The counsel representing the complainant argued that Insider Trading is not related to Indian Penal Code. Moreover, the court was informed that not even a single person who sold his land approached the CID or the Court alleging Insider Trading. The Court agreed with the view and struck down all the cases filed regarding the Insider Trading.

This came as a shock for the Ruling Government which is likely to approach the Supreme Court now. Interestingly, the verdict has come at the time when Chief Minister YS Jagan Mohan Reddy has gone to Delhi to meet Union Home Affairs Minister Amit Shah. Insider Trading issue has been used extensively by YSR Congress to create public perception against Amaravati.

It is also used to shift the Capital out of Amaravati and also to corner TDP politically. If the cases are struck down by the Supreme Court as well, it will be very difficult for the Ruling Party to take their narrative forward. Blaming courts always may not work for a party in power.

What’s streaming on
OTT? Consult the experts!

Follow @mirchi9 for more User Comments
YS Jagan - Amaravati ShiftingDon't MissJagan Government Secretly Shifting The CapitalViolating the Status Quo of the Court, Andhra Pradesh Government is secretly shifting its offices...Paan Kalyan - USA -BODon't MissUS BO Revival: Pawan Kalyan Shoulders The ResponsibilityThe Telugu cinema is looking like it's back to normal in the Telugu states. A...YS Jagan - Andhra Pradesh LoansDon't MissAndhra Pradesh Fourth in States with Highest LoansAndhra Pradesh seems to be getting into a debt trap. The state is ranked fourth...Varun Tej Ghani release dateDon't MissShocking! Varun Tej Left With No ChoiceIt is what one could term irony. Varun Tej’s film Ghani was one of the...Is The Theatrical Release Worth It For Wild Dog?Don't MissIs The Theatrical Release Worth It For Wild Dog?It is now officially confirmed. Wild Dog will have a theatrical release. It hits cinemas...