KCR cancelling 250 acres of Jagan’s Partner?

Posted : August 12, 2014 at 7:13 pm IST by ManaTeluguMovies


KCR, The Chief Minister of Telangana KCR is targeting Shyam Prasad Reddy one of the business partners of YS Jagan Mohan Reddy and reclaim all alleged illegal grant of 250 acres land to Shyam Prasad Reddy of Indu Tech Zone at Mamidipally village in Saroornagar Mandal for a negligible price.

Shyam Prasad Reddy is one of the accused in Jagan’s disproportionate assets case (DA case) and had built the home of YSR on Banjara Hills road no-1 into a shopping mall as a gratis for political favors. The Indu Tech zone has raised a loan of Rs 175 crore by mortgaging a portion of this land but failed to begin economic activity as per agreement to set up, the IT SEZ by 2012.

After taking on big shots like Akkineni Nagarjuna KCR is gunning for all those close to YS Jagan Mohan Reddy According to sources, the then Chief Minister of Andhra Pradesh late YS Rajasekhar Reddy had liberally allotted huge land to Shyam Prasad Reddy who is one of the business partners of YS Jagan Mohan Reddy.

Reportedly, the then government allotted this land for setting up an IT/ITES Special Economic Zone (SEZ) in an area covering 150 acres of the total area. Conversely, only three buildings have been constructed till date for their personal use of the land allotted. KCR’s government which is on a mission resume all illegally allotted and unused granted by YSR and even Chandrababu Govts is now targeting to reclaim this land, Recently a team of high level officials of the revenue department surveyed this land and a commencing reclamation process.