Who is matrix prasad

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CR Sukumar. Rate Story. Font Size Abc Small. Abc Medium. Abc Large. Subscribe to ETPrime. Browse Companies:. Find this comment offensive? This will alert our moderators to take action Name Reason for reporting: Foul language Slanderous Inciting hatred against a certain community Others.

Your Reason has been Reported to the admin. Top Searches Hyderabad Corona News. Dengue Cases in Hyderabad. K Chandrashekhar Rao. Andhra Pradesh Rain. AP Covid Cases. This story is from August 19, On the one hand, the CBI on Thursday raided the premises of his various companies in Hyderabad and other parts of the state as part of its inquiry into the assets of his close friend and YSR Congress president Y S Jaganmohan Reddy , and on the other, the golden touch that the entrepreneur displayed while dabbling in the pharmaceutical sector has suddenly vanished.

Conceived in , the project was to develop a world-class port and an integrated industrial cluster. However, till date, neither the port, the shipyard, energy park, industrial cluster nor the airport have taken off. And to make matters worse, the 5, acres of land allotted to Vanpic in Prakasam and Guntur districts is under the CBI scanner on the allegation that Gilchrist Investments Pvt Ltd, Alpha Villas Pvt Ltd and Alpha Avenues Pvt Ltd, all companies floated by Prasad, bought shares of face value of Rs 10 each for a premium value of Rs apiece in the companies floated by Jagan as quid pro quo for the government land allotted for the Vanpic project.

Likewise, Prasad bought another company for Rs 3 crore in and sold his share for Rs crore in But once he left the pharmaceutical sector and dabbled in other fields, he lost his magic touch.

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