A team from France led by Guy Sidos of VICAT Bulding Materials, visited Andhra Pradesh and had discussions with YS Jagan and YSRC on investing in the state. YSRC proudly posted it in the social media saying that France is aiming to invest in Andhra Pradesh and the team which visited Andhra Pradesh discussed on various topics of energy, food, smart cities, automation, etc.
Responding to this, TDP went ahead and investigated on the personal details of Guy Sidos. The Chandra Babu Naidu’s team was surprised to find out that Guy Sidos’ company VICAT acquired 51% share in Bharati Cements in the year of 2010. Bharati Cements is a business of YS Jagan. TDP finalized that the France team which came to Andhra Pradesh is actually a business partner of YS Jagan’s family and the YSRC government is trying to build their personal business in the name of building Andhra Pradesh.
YSRC previously stated that several NRIs in USA supported TDP and are major investors in the projects of Andhra Pradesh during their time. Most of the money for the election promotions of TDP was contributed as donation to the party from USA. Looks like, Jagan took over Europe to build his overseas base. The money that flows from outside of India is white and the favor goes through the government projects in India. Safe methodology to save money for the future and the central government can’t do anything as the money is white.