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BRS demands probe into allotment of Rs 200 crore land to Revanth Reddy’s brother’s company at nominal Rs 7 crore
['Telangana Today']
News – Telangana Today
BRS demands probe into allotment of Rs 200 crore land to Revanth Reddy’s brother’s company at nominal Rs 7 croreThe BRS has alleged misuse of public office in the allotment of five acres of government land to Tesseract Advanced Systems for Rs 7 crore.
Pointing out that around five acres of government land worth about Rs 200 crore was allotted to Tesseract for just Rs 7 crore, he questioned the basis for the concession.
He questioned how a company with a stated capital of only Rs 1 lakh could qualify for such a valuable land allotment.
“Public land worth Rs 200 crore was given away for Rs 7 crore.
He said the BRS would investigate where land had been allotted to companies linked to the Chief Minister’s family.