MBS Jewellers have denied allegations that its owner Sukesh Gupta has any link with Kadapa MP Y.S. Jagan Mohan Reddy. MBS Jewellers represented by head of the law department P. Pratap, in a release said, “Neither Mr Gupta nor any of his companies has any connection whatsoever at any point of time with Mr Reddy or persons involved in the matter under investigation.” MBS Jewellers said Mr Gupta was not an aide of the MP and he was neither a classmate nor batchmate of Mr Reddy at any point of time. The company was reacting to media reports on the CBI questioning Mr Gupta. The firm added that there were no stakes of Mr Reddy or any other politician in the MBS companies.