Income Tax department has issued show cause notice to Jagati Publications Private Limited, owned by YS Jaganmohan Reddy.
The notice sought explanation for investments and cash credits to the company.
Earlier the Andhra Pradesh High Court had issued notices to Jagan and to those who had invested in his Sakshi media.
Former chief minister Chandrababu Naidu predicted that Jagan’s party will meet the same fate of Chiranjeevi’s Praja Rajyam.
Naidu should not forget that because of Chiranjeevi, TDP lost an opportunity to regain power in the state.