Mauritius drags India to international court over Y.S.Jagan case
The Jagan Fraudulent case has now taken India to the International Court of Justice. The Mauritius government has approached Arbitration Court in the Netherlands seeking to do justice to the InduTech Zone IT SEZ Investments case. The court has sent notices to union ministers including Prime Minister Narendra Modi. Indu Shyam Prasad Reddy, who was contracted to develop the SEZ, had mortgaged the land to raise loans and laundered part of it.
The CBI filed chargesheet against several others, including Jagan, Shyam Prasad Reddy, in the Tech Zone IT SEZ case. This project was stopped. Mauritius has 49 percent share in Tech Zone. Mauritius’s Curia Investments has invested over Rs.115 crore for IT SEZ. Rs 1,18 crores for the first time and Rs. 14 crores for the second time, and Rs 99 crore for the third time.
But the project did not move forward with the CBI case. The Mauritius government filed a complaint in an international court in the Netherlands to pay 50 million dollars compensation for their huge losses. Apart from sending notices to Modi, ministers of central finance, trade, justice and urban development have been added to the respondents. The Telangana government has confirmed the issue sent by Mauritius. Telangana government officials explained that the Mauritius government had sent notices that their investment contracts had been deferred due to pending CBI and EDI cases.
A top official of Telangana State Industrial Infrastructure Corporation (TSIIC) told, “A legal notice has been served by the Mauritius government in the name of PM Narendra Modi, stating that Carissa LLC has been cheated. The claimant, Carissa LLC, said the claim would be over $50 million and sought arbitration. In the notice, the Mauritius government has quoted United Nations Commission on International Trade Law Model Law on Commercial Arbitration.”