3 weeks ago
Telangana Row Over Land Allotment To CM's Brother-Linked Company
In the Indian state of Telangana, a big argument has started about a piece of land.
A government group called TGIIC sold some land to a company called Tesseract Advanced Systems.
Opposition leaders say the land was sold for far less money than it is actually worth.
They also say the company is linked to the brother of the Chief Minister, Revanth Reddy.
The leaders think the Chief Minister may have helped his own family unfairly.
One opposition leader said the Chief Minister should quit his job if the story is true.
Another leader from the BJP said the deal was 'shameful and unacceptable.'
Supporters of the government say people should check whether all the official rules were followed.
The opposition wants all the land deal papers to be shown to the public.
Until then, nobody can be sure what really happened.
BRS leader M Krishank alleged that TGIIC allotted about 20,234 square metres of industrial land at Raviryala to Tesseract Advanced Systems Pvt. Ltd.
Krishank claimed the land was worth around Rs 135 crore but was allotted at approximately Rs 7.5 crore, far below market value.
BRS questioned the company's ownership and financial profile, alleging it is linked to Anumula Kondal, brother of Chief Minister Revanth Reddy.
BJP MP D Arvind called the alleged transaction 'shameful, shameless, and unacceptable,' accusing the Congress government of repeating alleged practices of the previous BRS regime.
The opposition demanded full disclosure of the allotment order, valuation, eligibility criteria and ownership details, and said the Chief Minister should resign if the allegations are proven.
- Who
- BRS leader M Krishank and BJP MP D Arvind are raising allegations against Chief Minister Revanth Reddy over land allotted to Tesseract Advanced Systems Pvt. Ltd., which opposition leaders say is linked to the Chief Minister's brother, Anumula Kondal.
- What
- Alleged allotment of about 20,234 square metres of prime industrial land at Raviryala by TGIIC at a price the opposition says is far below its market value.
- Where
- Raviryala in Maheshwaram, Telangana, near 'Fourth City'.
- When
- Not specified in the article.
- Why
- Opposition leaders allege favouritism and misuse of public resources, claiming prime land was allotted at a below-market price to a company linked to the Chief Minister's brother.
Opposition parties (BRS and BJP)
Congress-led Telangana Government's Position
Land price and valuation
Opposition parties (BRS and BJP)
BRS alleges the 20,234 sq metre plot at Raviryala is worth about Rs 135 crore but was allotted for roughly Rs 7.5 crore, far below market value, constituting favouritism and misuse of public resources.
Congress-led Telangana Government's Position
The dispute is framed as a question of whether the allotment followed established TGIIC procedures and whether the allotted price reflected the land's actual valuation.
Beneficiary company's ownership
Opposition parties (BRS and BJP)
BRS calls Tesseract Advanced Systems a 'shell company' linked to Chief Minister Revanth Reddy's brother Anumula Kondal and questions its ownership and financial profile.
Congress-led Telangana Government's Position
Tesseract Advanced Systems describes itself as a legitimate engineering and manufacturing company serving precision manufacturing requirements, including aerospace and defence-related sectors.
Key facts
- State
- Telangana
- Allotting agency
- Telangana Industrial Infrastructure Corporation (TGIIC)
- Beneficiary company
- Tesseract Advanced Systems Pvt. Ltd.
- Land location
- Raviryala, Maheshwaram
- Land area
- 20,234 square metres (about 5 acres)
- Alleged market value
- Around Rs 135 crore
- Reported allotment value
- Approximately Rs 7.5 crore
- Alleged link
- Anumula Kondal, brother of Chief Minister Revanth Reddy
Quotes
M Krishank
BRS leader and opposition politician
“Chief Minister Revanth allotting 20,234 sq metres of prime government land near Fourth City to his own brother's shell company is not misuse of office?”
NDTV
“shameful, shameless, and unacceptable.”
NDTV
Sources
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