Noted industrialist Nimmagadda Prasad is heard to have got detained by the local police in Siberia. Based on a complaint by Ras Al Khaima in connection with the fraud in the VANPIC Project, Nimmagadda was arrested by the Siberian police.
Nimmagadda along with Ras Al Khaima took up Vodarevu-Nizampatnam port and Industrial Corridor (VANPIC) project during YSR regime. As part of this quid pro quo deal, Nimmagadda allegedly invested Rs 850 crore in Jagan’s companies. Later, this project was called off resulting in huge losses for Ras Al Khaima. Then the UAE company lodged a complaint against Nimmagadda in Interpol.
Getting to know about this, the YSR Congress MPs have met Union External Affairs Minister Jaishankar and are lobbying for immediate release of Nimmagadda. The MPs have requested the minister to safely bring back Nimmagadda to the country.