2 weeks ago
KTR alleges dirt-cheap land deals for Revanth Reddy's family
In Telangana, a politician named KT Rama Rao is accusing the Chief Minister, Revanth Reddy, of doing something unfair.
He says the Chief Minister's family got very valuable government land for almost no money.
The land, he claims, is worth hundreds of crores of rupees, which is a huge amount.
The family's company only had about one lakh rupees to start with, which is very little compared to the land's value.
KT Rama Rao says the family's businesses have no workers and no new ideas, so he jokes they should be called 'Anumula Hubs' instead of real start-up hubs.
He is comparing them to T-Hub, a center the old government built to help young people start new companies.
He wants the Chief Minister to explain this business model to the young people of Telangana who cannot find jobs.
Right now, these are just accusations, and the article does not include an answer from the government.
BRS working president KT Rama Rao accused CM A Revanth Reddy of promoting family-run 'Anumula Hubs' with zero innovation and zero employees.
KTR alleged that the Anumula family acquired government land worth hundreds of crores at 'dirt-cheap' prices.
He questioned how land worth hundreds of crores could be acquired with an investment of just Rs 1 lakh.
KTR sarcastically suggested Anumula Kondal Reddy be declared 'Innovator of the Century' for his company Tesseract Advanced Systems Pvt Ltd.
KTR challenged Revanth Reddy and Minister Sridhar Babu to explain the alleged model to unemployed youth in Telangana.
- Who
- BRS working president KT Rama Rao, who made allegations against Chief Minister A Revanth Reddy, Minister Sridhar Babu, and Anumula Kondal Reddy of Tesseract Advanced Systems Pvt Ltd.
- What
- Allegations that members of the Anumula family acquired government land worth hundreds of crores at dirt-cheap prices through a low-capital, no-employee company.
- Where
- Hyderabad, Telangana.
- When
- Wednesday.
- Why
- KTR claimed the Congress government was favoring family-run ventures over genuine start-ups and demanded an explanation of the alleged land deal model.
Key facts
- Accuser
- KT Rama Rao, BRS working president
- Subject
- Chief Minister A Revanth Reddy and the Anumula family
- Allegation
- Government land worth hundreds of crores acquired at 'dirt-cheap' prices
- Company named
- Tesseract Advanced Systems Pvt Ltd
- Alleged paid-up capital
- Rs 1 lakh
- Alleged employees
- Zero
- Location
- Hyderabad, Telangana
- Platform
- X (formerly Twitter)
Quotes
KT Rama Rao
BRS working president and critic of the Telangana government
““While we built T‑Hub to ensure that real start‑ups thrive, Revanth Reddy is busy devising ‘Anumula Hubs’ — family‑run, family‑driven, zero‑innovation, zero‑employee scam… err, scheme,””
thehansindia.com
““Sridhar Babu and Revanth Reddy… please teach this amazing ‘business model’ to the lakhs of unemployed youth in Telangana as well,””
thehansindia.com
Sources
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