Tesseract land deal is bigger than MUDA scam, says KTR
The BRS working president says the MUDA scam had cost Siddaramaiah his CM’s post, but Congress high command appears to have different yardstick for Telangana
BRS leader K.T. Rama Rao has claimed that the recent land deal involving Tesseract Advanced Systems Private Ltd, the firm of CM Revanth Reddy's brother, Kondal Reddy, is far larger in scale than the MUDA scam in Karnataka. The MUDA scandal, which cost former CM K. Siddaramaiah his post, involved the allotment of 3 acres of land to the CM's wife with Lok Ayukta faulting the allotment.
Speaking to the media, Rama Rao alleged that the State Government led by Revanth Reddy had granted 5 acres of valuable land in the Fourth City to Tesseract without proper credentials to the firm. Kondal Reddy, chairman of the company, had claimed this on his LinkedIn profile. However, Industries Minister D. Sridhar Babu was trying to deny any link between Tesseract and Kondal Reddy, despite Kondal Reddy's own claims.
The company had labeled itself as a manufacturer of aerospace and defence equipment, but its annual report and Kondal Reddy's meeting with the US Embassy representative in Hyderabad paint a different picture. Rama Rao also pointed out that the US Consulate had previously stated Kondal Reddy as the chairman of Tesseract, and a US Consulate statement confirmed this.
The BRS leader added that the US Consulate was unaware of Kondal Reddy's academic/ professional qualifications. The BRS leader further alleged that Revanth Reddy's other siblings, Jagadish Reddy (Swachh Bio) and S. Srujan Reddy, had secured deals worth ₹1,000 crore and ₹1,137 crore respectively during a visit to the US.
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