Archive · 31 Jul 2025
MP Vemireddy Quits Quartz Business Amid Allegations
Vemireddy, a politician, is quitting his quartz business because people are accusing him of doing things wrong.
He says the accusations aren't true and are politically motivated.
He points out that his companies only exported a small amount of the total quartz compared to other companies.
He also mentions that he was planning a big project but had to stop it.
Finally, he clarified that his charity work is funded by him personally.
Nellore MP Vemireddy Prabhakar Reddy is withdrawing from the quartz business.
The MP cited politically motivated and baseless accusations of irregularities in quartz exports.
Vemireddy stated that his companies exported 19,608 tonnes of quartz, a small portion of the total exports through Chennai port.
He aimed at setting up a 400 crore project that has now been shelved.
Vemireddy stated that recent philanthropic work is funded by personal resources.
- Who
- Nellore MP Vemireddy Prabhakar Reddy
- What
- Vemireddy announced his withdrawal from the quartz business.
- When
- Wednesday
- Where
- Nellore
- Why
- Due to accusations of irregularities in quartz exports.
Accusers
Vemireddy's Stance
Profiteering from Quartz Exports
Accusers
Vemireddy benefited disproportionately from quartz exports.
Vemireddy's Stance
Vemireddy denies large-scale profiteering, citing his minimal share of total exports.
Funding of Philanthropic Work
Accusers
Public funds used for philanthropic work
Vemireddy's Stance
Philanthropic work funded from personal resources
- MP
- Vemireddy Prabhakar Reddy
- Business
- Quartz
- Allegations
- Irregularities in quartz exports
- Companies
- Phini Quartz, Lakshmi Quartz Sand Pvt Ltd
- Export Period
- July 2024 to June 2025
- Total Quartz Exported
- 1,60,604 tonnes
- Vemireddy's Share
- 19,608 tonnes
- Planned Project
- 400 crore project