AN ARTICLE FROM MAIL TODAY NEWS BY BHARATH BHUSHAN
Andhra Pradesh seems to be changing that structure of patronage.
Instead of giving partymen a share in one’s political capital — the more one shared it, the more it grew — the Congress supporters are given a stake in the state’s economic enterprises.
YSR ushered in this revolution.
He converted his key supporters into businessmen, industrialists, contractors and realtors. Their loyalty to the party or the leader was based on pure economic interest.
YSR rewarded them with contracts in state sponsored irrigation projects ( the much- publicised Rs. 130,000 crore “ Jalayagnam” projects), highway projects, real estate activities, development of Special Economic Zones ( SEZs), land grants and housing schemes in urban as well as rural areas. The loyalty of a majority of the 156 Congress MLAs who got tickets in the last assembly elections was secured through such largesse. Some others have benefitted with smooth and quick approvals of their business ventures.
Those Congressmen who got irrigation project contracts during the YSR regime include MPs T Subbirami Reddy, Kavuri Sambasiva Rao and Rayapati Sambasiva Rao; state ministers Komatireddy Venkat Reddy and P Ramachandra Reddy; and MLA Adala Prabhakar Reddy.
And these are only the big fish — many other party MLAs like Adinarayana Reddy, Srikanth Reddy, Gurunath Reddy, and A Indrakaran Reddy ( former MLA) are believed to have got smaller irrigation and associated road works contracts.
Andhra Congress MLAs whose real estate business thrived during YSR’s chief ministerial tenure include ministers Shilpa Mohan Reddy and Jupalli Krishna Rao, who defaulted on payment of crores of rupees to an urban co- operative bank and Lagadapati Rajagopal ( Congress MP from Vijayawada who is building Lanco Hills — the country’s biggest real estate project). Many other Congress leaders like D Sudheer Reddy ( MLA) and Malreddy Ranga Reddy ( former MLA) have benefitted from the Rs. 3,000 crore Outer Ring Road project of Hyderabad.
Nellore MP Mekapati Rajamohan Reddy and his brother Chandramohan Reddy, MLA, have won contracts for roads and building works. K Pratap Reddy, the Treasurer of the Congress, has stakes in the cement industry and is believed to have business links with the YSR family.
Vijayawada Congress MP Lagapati Rajagopal is believed by many to be the biggest beneficiary of the YSR regime and is involved in businesses ranging from power, iron castings, real estate and infrastructure.
In short, it is difficult to find a Congressman of any consequence in Andhra who has not benefitted from the largesse of the state government.
Several businessmen, industrialists, realtors and contractors who are not directly in politics — some cutting across political lines like the Karnataka BJP minister and mine lord Gali Janardhan Reddy of Bellary who was given 10,700 acres of land in Anantapur — are all worried about their projects in various stages of development. They have a right to be worried.
Family
Businesses which are underwritten and steered by someone at the helm of the state are less likely to fail. They were failsafe investments. Now their future is suddenly uncertain.
It has taken decades for Indian entrepreneurs like the Tatas, Birlas, Ambanis and Bajajs to convert family businesses into billion dollar corporations.
The Congress party under YSR in Andhra showed us that this could be done in barely five years.
The YSR family’s market capitalisation is estimated to be nearly three- fourths of the annual budget of Andhra Pradesh which is around Rs 1,00,000 crore. The family enterprises and business interests spread across real estate ( Silicon Builders, Classic Realty, Bhagvath Sannidhi Estates), infrastructure ( Silicon Infrastructure, Shalom Infrastructure, Marvel Infrastructure, Janani Infrastructure, Athena Infra, Viz Projects), cement ( Bharathi Cement), chemicals ( Pulivendula Polymers), plantations ( Forest Plantations India Ltd), power generation ( Athena Energy, Athena Kakinada Power, Sainz Hydro), newspapers ( Jagati Publications) and television ( Indira Television) besides owning Carmel Asia Holdings Pvt. Ltd.
The formidable business empire that YSR and his son set up has stakeholders among those who are in politics and business in Andhra today. The future of their investments depends on having a constant gardener from the YSR family to tend their interests. They cannot afford to let Jaganmohan Reddy lose out in the chief ministerial sweepstakes.
Indulgence
It is difficult to understand on the other hand why the Congress high command is so indulgent towards Jaganmohan’s shenanigans. Does the party have good reason to allow the mess that Jaganmohan Reddy’s supporters are creating in Andhra Pradesh? YSR was very close to Rajiv Gandhi who appointed him the state Congress chief at the relatively young age of 35 years. Sonia Gandhi has always valued loyalty to her late husband.
More importantly, YSR also delivered politically — not once but in two consecutive assembly and Lok Sabha elections. There would have been no UPA I or II without the electoral outcome of Andhra adding muscle to the Congress.
Another speculation doing the rounds is that the Congress high command is reluctant to act quickly against Jaganmohan Reddy because YSR was also believed to be one of the largest funders of the party.
Those sources of funds are now controlled by his son. So instead of cutting him to size, the party is being indulgent. Why else would the party allow speculation about Jaganmohan Reddy being offered Deputy Chief Ministership or a place in the central council of ministers? Could it be on the other hand that Jaganmohan Reddy is being allowed to demonstrate the support he enjoys in order to nurse his image as a mass leader? There could well be a strategy to allow the demonstration of support and soon people will forget that YSR’s son is a political novice. The blatant hooliganism of his supporters seems to have scuttled his chances to fill YSR’s shoes immediately. However, this will not prevent his well- wishers from claiming that YSR Junior has come into his own as a political leader with a mass base. This would pave the way for his accommodation in the party or the government.
Saturday, July 17, 2010
Andhra Pradesh Mines Minister Mr. Balineni Srinivas Reddy - YSR Crony
Mr. Balineni Srinivas Reddy was hand picked by Y.S. Rajasekhar Reddy to be the mines minister to protect the interests of his son Y.S. Jagan Mohan Reddy, his son-in-law Anil Kumar, and the Gali Reddy brothers of Karnataka. His only purpose was to provide clearances and cover for all the illegal mining activities of YSR's family and friends.
Rakshana Steels - Brother Anil Kumar - Son in law of Y.S. Rajasekhara Reddy - Corruption Saga
G.O. Issued by Government of Andhra Pradesh on 24th Feb, 2009 -> GO 69
The issue of leasing of iron ore mines in Khammam district is likely to snowball into a major controversy.
More than the Opposition parties, the Telangana Congress MLAs and Ministers are planning to bring pressure on the government to cancel the lease given to Rakshana Steels, controlled by Bro Anil Kumar, son-in-law of the late YS Rajasekhara Reddy for mining iron ore in 1.45 lakh acres since it allegedly hurts the interests of the people in Telangana. “If necessary, we will approach the party high command to ensure cancellation of the lease agreement,” one Congress leader said.
Though Opposition parties did not concentrate on the issue in the Assembly on Tuesday, they are in no mood to leave it alone. As chief minister K Rosaiah is expected in Hyderabad only day after tomorrow (he is in Delhi), the parties are planning to bring as much pressure as possible on him on Thursday for constitution of a House Committee on the deal.
“We will not leave the issue. We will take it up day after tomorrow. This is probably the biggest scam India has ever seen,” TDP chief N Chandrababu Naidu also said. Similar opinion was echoed by the CPI and CPM members G Mallesh and Julakanti Ranga Reddy respectively.
On Monday, the chief minister said his head was reeling when CPI legislator K Sambasiva Rao told him that the value of the iron ore in the areas leased out in favour of Rakshana Steels was Rs 13 lakh crore. According to Opposition parties, 24 hectares was allotted to Rakshana Steels in 2005 and another 260 acres in 2009.
When Opposition parties took objection to allotment, ignoring Visakha Steel, the state government facilitated formation of a joint venture between Rakshana Steels and State Mineral Development Corporation and allotted a whopping 1.4 lakh acres.
According to the MoU, the Mineral Development Corporation would mine the iron ore and sell it to Rakshana Steels but in practice, what will happen is that Rakshana Steels itself mine iron ore unofficially.
The issue of leasing of iron ore mines in Khammam district is likely to snowball into a major controversy.
More than the Opposition parties, the Telangana Congress MLAs and Ministers are planning to bring pressure on the government to cancel the lease given to Rakshana Steels, controlled by Bro Anil Kumar, son-in-law of the late YS Rajasekhara Reddy for mining iron ore in 1.45 lakh acres since it allegedly hurts the interests of the people in Telangana. “If necessary, we will approach the party high command to ensure cancellation of the lease agreement,” one Congress leader said.
Though Opposition parties did not concentrate on the issue in the Assembly on Tuesday, they are in no mood to leave it alone. As chief minister K Rosaiah is expected in Hyderabad only day after tomorrow (he is in Delhi), the parties are planning to bring as much pressure as possible on him on Thursday for constitution of a House Committee on the deal.
“We will not leave the issue. We will take it up day after tomorrow. This is probably the biggest scam India has ever seen,” TDP chief N Chandrababu Naidu also said. Similar opinion was echoed by the CPI and CPM members G Mallesh and Julakanti Ranga Reddy respectively.
On Monday, the chief minister said his head was reeling when CPI legislator K Sambasiva Rao told him that the value of the iron ore in the areas leased out in favour of Rakshana Steels was Rs 13 lakh crore. According to Opposition parties, 24 hectares was allotted to Rakshana Steels in 2005 and another 260 acres in 2009.
When Opposition parties took objection to allotment, ignoring Visakha Steel, the state government facilitated formation of a joint venture between Rakshana Steels and State Mineral Development Corporation and allotted a whopping 1.4 lakh acres.
According to the MoU, the Mineral Development Corporation would mine the iron ore and sell it to Rakshana Steels but in practice, what will happen is that Rakshana Steels itself mine iron ore unofficially.
Friday, July 16, 2010
Y.S. Rajasekhar Reddy and family - Legacy of Unprecedented Looting and Plunder of Andhra Pradesh
For many of the things he has done, he will surely be remembered for one thing -- the unprecedented looting and plundering during his tenure that enriched his family and friends. He has surpassed the mughal invaders, the british, and the romans, and all others that came for India's wealth. The only difference is the others were foreigners, YSR is an Indian. He gave the common man a few grains of rice, a few units of electricity, and looted the state while the common man rejoiced how great this man was. This is how naive and stupid the Indian electorate is. Rajasekhar Reddy just took advantage of their stupidity and his son continues to do so. It's sickening.
Link between Veerappa Moily and Y.S. Jagan Mohan Reddy
There are allegations that the reason Veerappa Moily is soft on Y.S. Jagan Mohan Reddy is that he has financial dealings with him regarding a project that they both invested in Dubai.
Wednesday, July 14, 2010
Who is there in the AP opposition that is not corrupt?
We are depending on the opposition to fight against corruption, but who is there in the opposition who is not corrupt?
God help this state!!!
- TDP - Chandrababu Naidu - the less we say, the better. During his heyday as CM, he made a lot of money from various scams [IMG Bharata, Emaar Golf Course, Hi-Tech City planning, etc.] and setup Heritage foods with that money plus he has many properties overseas. He nominated a rich industrialist to the Rajya Sabha just for his money. YSR learned from CBN how to make money.
- PRP - Chiranjeevi - He started his party with a supposedly great objective of social justice. Then it became a "Kapu" party. Then it became a family party run by his brother-in-law and his brothers. The brother-in-law sold seats for money. The brothers were lost without a coherent message. In the end, it was a flop show and he ends up supporting the Congress party.
- KCR - Champion of telangana - yeah right! He has sold party tickets to every tom, dick, and harry and the TRS has become a family party.
- BJP - who is there? Not significant as an opposition.
God help this state!!!
ANDHRA PRADESH CASTE POLITICS - CORRUPTION BENEFITS FELLOW CASTE MEMBERS
There are only 2 castes ruling the state and have a claim to be CM of AP in present times.
In particular Cine field is dominated by Kammas and Politics is dominated by Reddys.
You have to have unbelievable courage to stand up against a mistake committed by Kammas in Krishna region and Reddys in Rayalaseema region.
More than 90% of reddys vote for congress or a reddy candidate.
More than 90% of the kammas vote for TDP or a kamma candidate.
More than 90% of the reddys are pro sakshi paper and TV channel.
More than 90% of the Kammas are pro Eenadu paper and TV channel.
Do you by any chance see a state wide pattern here…
The circulation of news papers like Eenadu, Sakshi and Andhra Jyothi account for more than 75% of the total circulation.
They can take any message as they see it to any corner of the state and only they have the infrastructure and network to do that.
Y.S. Rajasekhar Reddy and all the other reddys that ruled the state at one time or the other. Chandrababu Naidu and his father in law N.T. Rama Rao ruled after TDP came into power to neutralize the Reddy factor.
When YSR was in power, a lot of Reddy community benefited from him.
When Babu was in power, a lot of Kamma community benefited from him.
Caste politics does not stop in Andhra Pradesh. This has been even carried over to the United States of America by Reddys and Kammas. The telugu Indian associations TANA and ATA are caste centric.
YS Family Corruption Saga
Andhra Pradesh Chief Minister Y.S. Rajasekhara Reddy had presided over large-scale corruption in the State, with huge amounts of money being made and squandered by a small group of influential politicians and their friends and relatives. Loopholes in the rulebook had been cleverly exploited, with the Chief Minister’s son Y.S. Jagan Mohan Reddy and a clique of favoured industrialists emerging as major beneficiaries.
It is not usual even for corrupt Governments to float tenders, open the bids, and then cancel the internal benchmark value and upload a new value higher than the first figures by nearly Rs 400 crores. The Y.S.R. Government in Andhra Pradesh set a record of sorts when it did exactly that for the prestigious Sripada Sagar irrigation project in 2005. The tender process for the project for lifting water from the Godavari River for the irrigation of two lakh acres in the State, was openly rigged, and despite strong political protests the Reddy Government continued to defend the blatant violation of rules.
The Government floated a tender for the project through an advertisement in newspapers in January 2005. The bids were opened in March of the same year, after which Rs 1,344 crores was uploaded on the internet as the internal benchmark on 15 March 2005 as the lowest bid. Two days later, it is learnt, the chief engineer issued telephonic instructions to the executive engineer, and the very next day the Rs 1,344 benchmark was cancelled and Rs 1,725 crores was uploaded on the internet as the new internal benchmark value. The tender acceptance letter was issued by the Principal Secretary, Irrigation Department to the consortium IVRCL SEW Navayuga.
Opposition parties noticed the change in the benchmark and went to town protesting what they alleged was open corruption. A short duration discussion was also held in the State Assembly, but the Government refused to budge. The Opposition alleged that the Government had tampered with the files. The Telugu Desam Party wrote to Prime Minister Manmohan Singh asking him to intervene to stem what they claimed was “large scale and brazen corruption being indulged in, under cover of irrigation projections by Dr Y.S.R. Reddy, Chief Minister of Andhra Pradesh”. The letter also pointed out that there was no change in the area of ayacut, number of tanks, pipeline, designs etc., and the hike in figure was totally ad hoc. The Prime Minister did not respond.
In 2007, a CAG report took a serious view of the corruption in irrigation, and said clearly that the estimates prepared by the contractors were at variance with each other. Despite this the consultants had not been made responsible for any of the deviations. The CAG report said that the procedure, through which the work was allotted, gave undue benefit to the contractors, and budget estimates had been inflated by Rs 349.85 crores. This also did not elicit any action by the State Government.
The corruption was visible from the preliminary stage. Documents with Covert prove that rules were flouted even at the pre-bidding stage to favour two companies that finally got the contract. A pre-qualification for participating in the bidding as advertised by the Government on 27-06-04 and 19-11-04 was that a company should have a consistent Rs 400-crore turnover for at least five years. For the consortium it was clarified that the lead company should meet this requirement, while the others should have a Rs 100-crore turnover for the same period of time. Despite this, a consortium of at least five companies that did not meet this requirement was given the contract.
The figures for the consortium below for the two previous years before they bid for the contract tells the story of rules being overturned to favour “favourites”:
THE STINK OF CEMENT
Covert has documents to prove that there are links between many other projects and companies floated by the Chief Minister’s son Y.S. Jagan Mohan Reddy. A copy of the resolution passed at the board meeting of the directors of M/s Raghuram Cements Limited (Now called Bharati Cements and sold to Vicat Group of France) , held at the registered office in Sagar Society, Road No. 2, Banjara Hills, Hyderabad on 25 January 2007 at 10 a.m. resolved that the company “do allot 4,20,10,000 equity shares of Rs 10/ each” to:
Y.S. Jagan Mohan Reddy 3,00,00,000
M/s Silicon Bulders 1,20,00,000
D. Prabhakar Reddy 2,000
Jella Jagan Mohan Reddy 2,000
G. Murali 2,000
B.M. Prabhakar 2,000
Ms Elizabeth George 2,000
Covert has a copy of several Board resolutions of this company, confirming that Jagan Mohan Reddy is the director of Raghuram Cements and fully authorised to deal with the financial transactions. It is learnt that India Cements, Dalmia Cements and G2 Corporate Services invested in the company, before it had even started production. Dalmia Cements bought the shares on two occasions, 29-03-07 and 26-02-08, first time by investing Rs 8 crores on purchase of 1,666,600 shares at a premium of Rs 110 per share, and on the second time, Rs 19.86 crores for 137,931 shares at Rs 1,440 premium per share, totalling Rs 27.9 crores.
Former Home Minister in a Congress Government and now Rajya Sabha member with the TDP, Mysoora Reddy told this correspondent, “Even before Raghuram Cements started construction, these companies bought their shares at an inflated premium and in return benefited in other ways from Y.S.R. Reddy and his Government.” Mr Reddy said that Dalmia Cements got licences for mining and construction in Cudappah district from the Chief Minister, who also used his influence in Delhi as a “Sonia Gandhi favourite” to get railway tracks laid for facilitating the movement of goods.
SAKSHI: INVESTMENTS AND REWARDS
The Chief Minister’s son, Y.S. Jagan Mohan Reddy is emerging as a major business figure in Andhra Pradesh. He has also set up the huge Jagathi Publications Pvt. Ltd. that runs a Telugu newspaper, Sakshi. Senior politicians in Hyderabad are surprised at the “financial progress” made by Jagan Mohan in just a matter of years. Congress MP V. Hanumantha Rao told Covert, “This boy was nothing in 2004 [when Y.S.R. came to power] and now he has a lot of businesses, two or three companies can be understood, but so many…” Congress members are particularly worried that on the eve of the Lok Sabha and Assembly elections, the Opposition will be able to get sufficient mileage from the commercial deals of the top Reddy family.
Documents with Covert show that 32 companies have invested in Sakshi, with the share capital of each running into several crores. Gilchrist Investments Private Limited, with Nimmagadda Prakash, brother of Nimmagadda Prasad, as managing director, has a share capital in Sakshi of nearly Rs 40 crores. Nimmagadda Prasad is an individual investor along with India Cements, Dalmia Cements and G2 Corporate Services in Raghuram Cements. Prasad bought the Rs 10 face value shares at a premium of Rs 175, totalling Rs 8.5 crores, like others, before the production started. He was allotted 459,459 shares.
Gilchrist Investments is registered in Chennai, but Nimmagadda Prakash has given his address in the records as Plot 376, Defence Colony, Sainikpuri, Secunderabad. The other managing director of the company listed in the records is Nimmagadda Vijayasaradhi, also a resident of Plot 376 with the same address.
Another company investing in Sakshi, Carmel Asia Holdings Private Limited has the Chief Minister’s son Y.S. Jagan Mohan Reddy as the director, with a total investment in Sakshi of Rs 50 crores. He bought the shares in his own company for Rs 10, while most of the other companies investing in Sakshi paid a premium of Rs 350 per share. Yet another company, Alpha Villas Pvt. Ltd. that has invested in Sakshi, is part of Jagan Mohan Reddy’s circle of friends and family. Its MD is Nimmagadda Vijayasaradhi, with the same registered address of Plot 376, Defence Colony, Sainikpuri, Secunderabad. The directors, Brahamadi Maheshwar Reddy and Ghanta Sunitha Rani have not given their full addresses but listed these as Sainikpuri, Secunderabad.
Sources said that several of the companies investing in Jagan Mohan Reddy’s pet Sakshi project have been rewarded with other projects. For instance, Hetero Limited that has invested nearly Rs 4 crores in Sakshi, has been allocated a pharmaceutical SEZ at Polyppaly. The CAG, in its report, had pulled up the Government for non-compliance of Government of India guidelines. The CAG has criticised the allotment of 75 acres each to Aurobindo Pharma and Hetero Drugs Pvt. Ltd. on lease basis. The CAG report raises questions about what the critics of the project were alleging: the leniency of the terms on which the land was allotted. The lease premium was a nominal Rs 7 lakhs per acre and an annual rental of just 1% on lease premium, i.e., Rs. 7,000 per acre for 25 years. The CAG had also rejected the Government rebuttal to its report that claims adherence to Government of India guidelines.
THE VANPIC link
Jagathi Publications Private Limited and Raghuram Cements are also the key companies behind the huge Vanpic Project. The State Government has exploited every loophole to seal this Rs 5,000-crore project that involves the acquisition of 25,000 acres of land in the State. The Andhra Pradesh Government, to avoid floating global tenders, entered into a direct memorandum of understanding with the Government of Ras Al Khaimah [RAK] in March 2008 to develop an integrated port, and port-based industries consisting of a port for handling bulk cargo, liquid cargo terminal, ship building industry requirements, container terminal etc., all collectively referred to as the VANPIC project. The MoU provided very clearly for an Indian partner, and this was finally extended to include Matrix Enport Holdings Pvt. Ltd., Vanpic Ports Pvt. Ltd. and Genex Structural Projects Pvt. Ltd. Sources said that these companies were incorporated by Nimmagadda Prasad and his brother N. Prakash who are, as pointed out earlier, individual investors in their close friend Jagan Mohan Reddy’s ventures. Under the agreement, RAK holds 51% of the stakes and the remaining 49% is with the associates of Matrix Enport.
It is common knowledge in Hyderabad that Vanpic is being run by Nimmagadda Prasad and Prakash through their nominees and relatives. Directors at one point included C.H. Ravi Reddy who is also the director of Alpha Avenues that had invested in Sakshi; and K. Venkateshwarag Reddy also with Gilchrist Investments that has major shares in Sakshi. The links between the Chief Minister, his son, their relatives and friends are well established through these mega projects cleared by the State Government. Only recently Y.S.R. Reddy directed the companies and Government officials to expedite the land acquisition for VANPIC, and given the fact that Andhra Pradesh is going for elections now, expressed his worry that the project was behind schedule.
MAYTAS, SATYAM AND METRO
No rules apply in Andhra Pradesh under Chief Minister Reddy, who wilfully orders officials to clear deals and projects in violation of all laws. The link between the Congress and Satyam’s Ramalinga Raju, who is now under arrest for a major corporate scam, is established through the manner in which the bid for the multi-crore Hyderabad Metro Rail project was finalised, and the rules totally violated with full connivance of the Reddy Government. The financial bids for the rail project were opened on 23 July 2008 by a three-member committee comprising the principal secretary of the Finance Department, the MD of Metro Rail and the MD of the Water Board. Instead of being recorded immediately, the minutes of the meeting were entered two days later on 25 July after the bids were opened. The official announcement was made on 28 July. The committee finalised the bid for the Navbharat-led consortium including Maytas, IL&FS; and ItalThai. Of these the last had technical expertise having major construction experience in Thailand. Centre for Economic and Social Studies researcher C. Ramchandraiah, who has been closely following this case, told Covert in Hyderabad that on 25 July 2008 itself, Deputy Chairman of the Planning Commission, Montek Singh Ahluwalia wrote to the Prime Minister, citing the bid in Hyderabad, to state that “we are engaged in pushing for a similar effort for other metropolitan cities”. Mr Ramachandraiah said it was strange that Dr Ahluwalia was aware of the outcome of the bid in Hyderabad even before it had been publicly announced.
The minutes of the meeting spoke of the “Navabharat-led consortium”, indicating that Navabharat was the lead company in the group. The financial bid of the consortium was also presented on the letterhead of Navabharat Ventures Limited by its director [finance and corporate affairs] G.R.K. Prasad. Maytas was not the lead member of this consortium at any stage. But when it came to the construction and operation of the Hyderabad Metro Rail, a new company, Maytas Metro Private Limited suddenly appeared and was registered on 9 September 2008 under the Companies Act. The Government did not react and this was then changed to Maytas Metro Limited [MML] on 17 September. The MML finally signed the concession agreement with the Andhra Pradesh Government on 19 September 2008 in total violation of all rules of bidding. The State Government did not object even once, and the composition of the newly formed MML reveals it to be a family concern of Ramalinga Raju, of Satyam fame.
Documents with Covert give the list of six persons who were allotted equity shares under Maytas Metro Private Limited. Directors include B. Nandini Raju, wife of Ramalinga Raju [Satyam] and B. Teja Raju [son of Ramalinga Raju]. Incidentally, Ramalinga Raju is currently getting VIP treatment in Hyderabad jail, with access to good food, television, books and cigars.
WAQF LAND SOLD ILLEGALLY
Chief Minister Y.S.R. Reddy is also presiding over what sources describe as the completely illegal selling off of Waqf property in the State. There is a long list of cases where prime Waqf land has been sold for a pittance, with others getting the bulk of the money. In what is a classic case reflecting rampant corruption, 100 acres of Waqf property at Manakonda village was acquired by the State Government and sold to an infrastructure firm Lanco at throwaway prices. Earlier, a single bench of the Andra Pradesh High Court declared the land to be Waqf property and in an interim order later stopped construction. The State Government went in appeal and this order was stayed.
The editor of Siyasat, the Hyderabad-based Urdu daily, Zaheeruddin Ali Khan told Covert that Lanco made a profit of Rs 10,000 crores on this property that was acquired from the Wakf Board at a price of just Rs 60 crores. The land was initially acquired for an IT park but it has since been changed to a residential area costing Rs 13,500 crores, while just Rs 427 crores were paid officially for the land, according to Mr Khan. Interestingly, the Chief Secretary of Andhra Pradesh, J. Hari Narayan, in an affidavit filed on behalf of the State Government before the High Court stated that in an earlier Ayodhya-Babri Masjid Land Acquisition case “the Hon’ble Supreme Court held that even a mosque can be subject to land acquisition. So there is no immunity to either a Dargah or to a Waqf land being acquired by the state. So the concept ‘once a waqf always a waqf’ has no legal basis.”
Individuals, delegations, Opposition parties have all taken up the acquisition and sale of prime Waqf property, but the Chief Minister has refused to look into this. Lanco is owned by Congress MP L. Rajagopal, who is close to Y.S.R. Congress MP V. Hanumantha Rao, who has been vocal against the State Government on this issue, told Covert, “Once a Waqf property it is always a Waqf property and no one can acquire or sell it. Unfortunately, the TDP started the sale of Waqf land, but now the present Government is continuing with the same policy. It is regrettable that we in the Opposition were critical of the sale, but are doing the same now.” Mr Rao said that the Minority Affairs Minister Mohammad Shabir Ali is equally responsible for the sale of prime Waqf land. He further said that a parliamentary committee under Deputy Chairman of the Rajya Sabha, Rehman Khan, was convinced that Lanco had acquired Waqf land and urged the State Government to revoke the deal. But the Chief Minister has taken no remedial action.
POWER FRAUD
In yet another major fraud, shares for a power company bought by Jagan Mohan Reddy [the Chief Minister’s son], were sold for a premium of Rs 61 to two Mauritius based companies within the first year of production. The total came to Rs 124 crores. The companies are 2i Capital PCC and Pluri Emerging Companies PCC. There are allegations of financial irregularities against the second company. The two Mauritius companies, significantly, appointed V.S. Reddy as their nominee on the board of Sandur Power Company Limited. Reddy has been the family auditor of Chief Minister Y.S.R. Reddy for 20 years. The Chief Minister has also appointed Reddy as a member of the Tirumala Tirupati Devasthanam Board that boasts a multi-crore revenue. V.S. Reddy was also appointed director of the Oriental Bank of Commerce.
Jagan Mohan Reddy, according to documents with Covert, holds 16,958,580 shares that equal 31.69% of the capital. The shareholders include two other companies, Kealawn Technologies [P] Ltd., Chennai and Saraswathi Power and Industries Pvt. Ltd., and of both these Jagan Mohan Reddy is the Managing Director. This brings in control of roughly 50% of the total shares of the Sandur Power Company [¼]
It is not usual even for corrupt Governments to float tenders, open the bids, and then cancel the internal benchmark value and upload a new value higher than the first figures by nearly Rs 400 crores. The Y.S.R. Government in Andhra Pradesh set a record of sorts when it did exactly that for the prestigious Sripada Sagar irrigation project in 2005. The tender process for the project for lifting water from the Godavari River for the irrigation of two lakh acres in the State, was openly rigged, and despite strong political protests the Reddy Government continued to defend the blatant violation of rules.
The Government floated a tender for the project through an advertisement in newspapers in January 2005. The bids were opened in March of the same year, after which Rs 1,344 crores was uploaded on the internet as the internal benchmark on 15 March 2005 as the lowest bid. Two days later, it is learnt, the chief engineer issued telephonic instructions to the executive engineer, and the very next day the Rs 1,344 benchmark was cancelled and Rs 1,725 crores was uploaded on the internet as the new internal benchmark value. The tender acceptance letter was issued by the Principal Secretary, Irrigation Department to the consortium IVRCL SEW Navayuga.
Opposition parties noticed the change in the benchmark and went to town protesting what they alleged was open corruption. A short duration discussion was also held in the State Assembly, but the Government refused to budge. The Opposition alleged that the Government had tampered with the files. The Telugu Desam Party wrote to Prime Minister Manmohan Singh asking him to intervene to stem what they claimed was “large scale and brazen corruption being indulged in, under cover of irrigation projections by Dr Y.S.R. Reddy, Chief Minister of Andhra Pradesh”. The letter also pointed out that there was no change in the area of ayacut, number of tanks, pipeline, designs etc., and the hike in figure was totally ad hoc. The Prime Minister did not respond.
In 2007, a CAG report took a serious view of the corruption in irrigation, and said clearly that the estimates prepared by the contractors were at variance with each other. Despite this the consultants had not been made responsible for any of the deviations. The CAG report said that the procedure, through which the work was allotted, gave undue benefit to the contractors, and budget estimates had been inflated by Rs 349.85 crores. This also did not elicit any action by the State Government.
The corruption was visible from the preliminary stage. Documents with Covert prove that rules were flouted even at the pre-bidding stage to favour two companies that finally got the contract. A pre-qualification for participating in the bidding as advertised by the Government on 27-06-04 and 19-11-04 was that a company should have a consistent Rs 400-crore turnover for at least five years. For the consortium it was clarified that the lead company should meet this requirement, while the others should have a Rs 100-crore turnover for the same period of time. Despite this, a consortium of at least five companies that did not meet this requirement was given the contract.
The figures for the consortium below for the two previous years before they bid for the contract tells the story of rules being overturned to favour “favourites”:
THE STINK OF CEMENT
Covert has documents to prove that there are links between many other projects and companies floated by the Chief Minister’s son Y.S. Jagan Mohan Reddy. A copy of the resolution passed at the board meeting of the directors of M/s Raghuram Cements Limited (Now called Bharati Cements and sold to Vicat Group of France) , held at the registered office in Sagar Society, Road No. 2, Banjara Hills, Hyderabad on 25 January 2007 at 10 a.m. resolved that the company “do allot 4,20,10,000 equity shares of Rs 10/ each” to:
Y.S. Jagan Mohan Reddy 3,00,00,000
M/s Silicon Bulders 1,20,00,000
D. Prabhakar Reddy 2,000
Jella Jagan Mohan Reddy 2,000
G. Murali 2,000
B.M. Prabhakar 2,000
Ms Elizabeth George 2,000
Covert has a copy of several Board resolutions of this company, confirming that Jagan Mohan Reddy is the director of Raghuram Cements and fully authorised to deal with the financial transactions. It is learnt that India Cements, Dalmia Cements and G2 Corporate Services invested in the company, before it had even started production. Dalmia Cements bought the shares on two occasions, 29-03-07 and 26-02-08, first time by investing Rs 8 crores on purchase of 1,666,600 shares at a premium of Rs 110 per share, and on the second time, Rs 19.86 crores for 137,931 shares at Rs 1,440 premium per share, totalling Rs 27.9 crores.
Former Home Minister in a Congress Government and now Rajya Sabha member with the TDP, Mysoora Reddy told this correspondent, “Even before Raghuram Cements started construction, these companies bought their shares at an inflated premium and in return benefited in other ways from Y.S.R. Reddy and his Government.” Mr Reddy said that Dalmia Cements got licences for mining and construction in Cudappah district from the Chief Minister, who also used his influence in Delhi as a “Sonia Gandhi favourite” to get railway tracks laid for facilitating the movement of goods.
SAKSHI: INVESTMENTS AND REWARDS
The Chief Minister’s son, Y.S. Jagan Mohan Reddy is emerging as a major business figure in Andhra Pradesh. He has also set up the huge Jagathi Publications Pvt. Ltd. that runs a Telugu newspaper, Sakshi. Senior politicians in Hyderabad are surprised at the “financial progress” made by Jagan Mohan in just a matter of years. Congress MP V. Hanumantha Rao told Covert, “This boy was nothing in 2004 [when Y.S.R. came to power] and now he has a lot of businesses, two or three companies can be understood, but so many…” Congress members are particularly worried that on the eve of the Lok Sabha and Assembly elections, the Opposition will be able to get sufficient mileage from the commercial deals of the top Reddy family.
Documents with Covert show that 32 companies have invested in Sakshi, with the share capital of each running into several crores. Gilchrist Investments Private Limited, with Nimmagadda Prakash, brother of Nimmagadda Prasad, as managing director, has a share capital in Sakshi of nearly Rs 40 crores. Nimmagadda Prasad is an individual investor along with India Cements, Dalmia Cements and G2 Corporate Services in Raghuram Cements. Prasad bought the Rs 10 face value shares at a premium of Rs 175, totalling Rs 8.5 crores, like others, before the production started. He was allotted 459,459 shares.
Gilchrist Investments is registered in Chennai, but Nimmagadda Prakash has given his address in the records as Plot 376, Defence Colony, Sainikpuri, Secunderabad. The other managing director of the company listed in the records is Nimmagadda Vijayasaradhi, also a resident of Plot 376 with the same address.
Another company investing in Sakshi, Carmel Asia Holdings Private Limited has the Chief Minister’s son Y.S. Jagan Mohan Reddy as the director, with a total investment in Sakshi of Rs 50 crores. He bought the shares in his own company for Rs 10, while most of the other companies investing in Sakshi paid a premium of Rs 350 per share. Yet another company, Alpha Villas Pvt. Ltd. that has invested in Sakshi, is part of Jagan Mohan Reddy’s circle of friends and family. Its MD is Nimmagadda Vijayasaradhi, with the same registered address of Plot 376, Defence Colony, Sainikpuri, Secunderabad. The directors, Brahamadi Maheshwar Reddy and Ghanta Sunitha Rani have not given their full addresses but listed these as Sainikpuri, Secunderabad.
Sources said that several of the companies investing in Jagan Mohan Reddy’s pet Sakshi project have been rewarded with other projects. For instance, Hetero Limited that has invested nearly Rs 4 crores in Sakshi, has been allocated a pharmaceutical SEZ at Polyppaly. The CAG, in its report, had pulled up the Government for non-compliance of Government of India guidelines. The CAG has criticised the allotment of 75 acres each to Aurobindo Pharma and Hetero Drugs Pvt. Ltd. on lease basis. The CAG report raises questions about what the critics of the project were alleging: the leniency of the terms on which the land was allotted. The lease premium was a nominal Rs 7 lakhs per acre and an annual rental of just 1% on lease premium, i.e., Rs. 7,000 per acre for 25 years. The CAG had also rejected the Government rebuttal to its report that claims adherence to Government of India guidelines.
THE VANPIC link
Jagathi Publications Private Limited and Raghuram Cements are also the key companies behind the huge Vanpic Project. The State Government has exploited every loophole to seal this Rs 5,000-crore project that involves the acquisition of 25,000 acres of land in the State. The Andhra Pradesh Government, to avoid floating global tenders, entered into a direct memorandum of understanding with the Government of Ras Al Khaimah [RAK] in March 2008 to develop an integrated port, and port-based industries consisting of a port for handling bulk cargo, liquid cargo terminal, ship building industry requirements, container terminal etc., all collectively referred to as the VANPIC project. The MoU provided very clearly for an Indian partner, and this was finally extended to include Matrix Enport Holdings Pvt. Ltd., Vanpic Ports Pvt. Ltd. and Genex Structural Projects Pvt. Ltd. Sources said that these companies were incorporated by Nimmagadda Prasad and his brother N. Prakash who are, as pointed out earlier, individual investors in their close friend Jagan Mohan Reddy’s ventures. Under the agreement, RAK holds 51% of the stakes and the remaining 49% is with the associates of Matrix Enport.
It is common knowledge in Hyderabad that Vanpic is being run by Nimmagadda Prasad and Prakash through their nominees and relatives. Directors at one point included C.H. Ravi Reddy who is also the director of Alpha Avenues that had invested in Sakshi; and K. Venkateshwarag Reddy also with Gilchrist Investments that has major shares in Sakshi. The links between the Chief Minister, his son, their relatives and friends are well established through these mega projects cleared by the State Government. Only recently Y.S.R. Reddy directed the companies and Government officials to expedite the land acquisition for VANPIC, and given the fact that Andhra Pradesh is going for elections now, expressed his worry that the project was behind schedule.
MAYTAS, SATYAM AND METRO
No rules apply in Andhra Pradesh under Chief Minister Reddy, who wilfully orders officials to clear deals and projects in violation of all laws. The link between the Congress and Satyam’s Ramalinga Raju, who is now under arrest for a major corporate scam, is established through the manner in which the bid for the multi-crore Hyderabad Metro Rail project was finalised, and the rules totally violated with full connivance of the Reddy Government. The financial bids for the rail project were opened on 23 July 2008 by a three-member committee comprising the principal secretary of the Finance Department, the MD of Metro Rail and the MD of the Water Board. Instead of being recorded immediately, the minutes of the meeting were entered two days later on 25 July after the bids were opened. The official announcement was made on 28 July. The committee finalised the bid for the Navbharat-led consortium including Maytas, IL&FS; and ItalThai. Of these the last had technical expertise having major construction experience in Thailand. Centre for Economic and Social Studies researcher C. Ramchandraiah, who has been closely following this case, told Covert in Hyderabad that on 25 July 2008 itself, Deputy Chairman of the Planning Commission, Montek Singh Ahluwalia wrote to the Prime Minister, citing the bid in Hyderabad, to state that “we are engaged in pushing for a similar effort for other metropolitan cities”. Mr Ramachandraiah said it was strange that Dr Ahluwalia was aware of the outcome of the bid in Hyderabad even before it had been publicly announced.
The minutes of the meeting spoke of the “Navabharat-led consortium”, indicating that Navabharat was the lead company in the group. The financial bid of the consortium was also presented on the letterhead of Navabharat Ventures Limited by its director [finance and corporate affairs] G.R.K. Prasad. Maytas was not the lead member of this consortium at any stage. But when it came to the construction and operation of the Hyderabad Metro Rail, a new company, Maytas Metro Private Limited suddenly appeared and was registered on 9 September 2008 under the Companies Act. The Government did not react and this was then changed to Maytas Metro Limited [MML] on 17 September. The MML finally signed the concession agreement with the Andhra Pradesh Government on 19 September 2008 in total violation of all rules of bidding. The State Government did not object even once, and the composition of the newly formed MML reveals it to be a family concern of Ramalinga Raju, of Satyam fame.
Documents with Covert give the list of six persons who were allotted equity shares under Maytas Metro Private Limited. Directors include B. Nandini Raju, wife of Ramalinga Raju [Satyam] and B. Teja Raju [son of Ramalinga Raju]. Incidentally, Ramalinga Raju is currently getting VIP treatment in Hyderabad jail, with access to good food, television, books and cigars.
WAQF LAND SOLD ILLEGALLY
Chief Minister Y.S.R. Reddy is also presiding over what sources describe as the completely illegal selling off of Waqf property in the State. There is a long list of cases where prime Waqf land has been sold for a pittance, with others getting the bulk of the money. In what is a classic case reflecting rampant corruption, 100 acres of Waqf property at Manakonda village was acquired by the State Government and sold to an infrastructure firm Lanco at throwaway prices. Earlier, a single bench of the Andra Pradesh High Court declared the land to be Waqf property and in an interim order later stopped construction. The State Government went in appeal and this order was stayed.
The editor of Siyasat, the Hyderabad-based Urdu daily, Zaheeruddin Ali Khan told Covert that Lanco made a profit of Rs 10,000 crores on this property that was acquired from the Wakf Board at a price of just Rs 60 crores. The land was initially acquired for an IT park but it has since been changed to a residential area costing Rs 13,500 crores, while just Rs 427 crores were paid officially for the land, according to Mr Khan. Interestingly, the Chief Secretary of Andhra Pradesh, J. Hari Narayan, in an affidavit filed on behalf of the State Government before the High Court stated that in an earlier Ayodhya-Babri Masjid Land Acquisition case “the Hon’ble Supreme Court held that even a mosque can be subject to land acquisition. So there is no immunity to either a Dargah or to a Waqf land being acquired by the state. So the concept ‘once a waqf always a waqf’ has no legal basis.”
Individuals, delegations, Opposition parties have all taken up the acquisition and sale of prime Waqf property, but the Chief Minister has refused to look into this. Lanco is owned by Congress MP L. Rajagopal, who is close to Y.S.R. Congress MP V. Hanumantha Rao, who has been vocal against the State Government on this issue, told Covert, “Once a Waqf property it is always a Waqf property and no one can acquire or sell it. Unfortunately, the TDP started the sale of Waqf land, but now the present Government is continuing with the same policy. It is regrettable that we in the Opposition were critical of the sale, but are doing the same now.” Mr Rao said that the Minority Affairs Minister Mohammad Shabir Ali is equally responsible for the sale of prime Waqf land. He further said that a parliamentary committee under Deputy Chairman of the Rajya Sabha, Rehman Khan, was convinced that Lanco had acquired Waqf land and urged the State Government to revoke the deal. But the Chief Minister has taken no remedial action.
POWER FRAUD
In yet another major fraud, shares for a power company bought by Jagan Mohan Reddy [the Chief Minister’s son], were sold for a premium of Rs 61 to two Mauritius based companies within the first year of production. The total came to Rs 124 crores. The companies are 2i Capital PCC and Pluri Emerging Companies PCC. There are allegations of financial irregularities against the second company. The two Mauritius companies, significantly, appointed V.S. Reddy as their nominee on the board of Sandur Power Company Limited. Reddy has been the family auditor of Chief Minister Y.S.R. Reddy for 20 years. The Chief Minister has also appointed Reddy as a member of the Tirumala Tirupati Devasthanam Board that boasts a multi-crore revenue. V.S. Reddy was also appointed director of the Oriental Bank of Commerce.
Jagan Mohan Reddy, according to documents with Covert, holds 16,958,580 shares that equal 31.69% of the capital. The shareholders include two other companies, Kealawn Technologies [P] Ltd., Chennai and Saraswathi Power and Industries Pvt. Ltd., and of both these Jagan Mohan Reddy is the Managing Director. This brings in control of roughly 50% of the total shares of the Sandur Power Company [¼]
Y.S. Jaganmohan Reddy's house in Lotus Pond - regularized using GO 166
From The Hindu
http://www.hindu.com/2010/07/14/stories/2010071463510600.htm
Land meant for poor regularised for Jagan, says CPI(M)
A CPI(M) member J. Ranga Reddy caused a flutter in the Assembly on Tuesday by alleging that the government had regularised two pieces of land at Banjara Hills in Hyderabad, measuring 2,075 sq yards and 398 sq yards in favour of Kadapa MP Y.S. Jaganmohan Reddy, under Go. No. 166 though it was meant to benefit the poor.
He referred to these names while speaking about the irregularities committed while regularising occupation of government lands during the Question Hour.
Members of the CPI(M), CPI and BJP staged a walkout dubbing the reply by Revenue Minister D. Prasada Rao as “inadequate”.
The Telugu Desam, Praja Rajyam, MIM and Lok Satta too resented the reply. M. Narsimhulu (Telugu Desam) alleged that valuable lands were also regularised in favour of Y.S.Vivekananda Reddy, Rajasekhara Reddy's brother and Housing Minister C. Silpa Mohan Reddy, while slum-dwellers were mercilessly evicted from Ambedkar Nagar with police force.
Minister's claim
In his reply, the Minister said the CPI (M) member's contention was incorrect as the lands for Rajasekhara Reddy and his son were regularised under other GOs. He said that in the case of below poverty line families, the regularisation was made free of cost up to 80 sq yards. For others, the facility was extended only if they paid the market value prevailing in 2003.
Over 89,000 applications were received in the State for regularisation under the GO and of them, nearly 15,000 were cleared, most of them favouring the poor.
Referring to the charges levelled by Mr. Ranga Reddy that Collectors and Joint Collectors earned huge sums using the GO, citing the case handled by former Hyderabad Collector Navin Mittal, he said severe action would be taken against officials if found guilty.
Earlier, Mr. Ranga Reddy alleged that large chunks of government land in Banjara Hills were unduly regularised in favour of Anand Prabhas Society.
G. Kishen Reddy (BJP) regretted that land of the ENT hospital at Koti was alienated in favour of a individual and 1,000 sq yards given to Urdu school at Amberpet taken back and handed over to a real estate company.
EAST COAST ENERGY Pvt. Ltd. - Another tale in the YSR corruption saga
K.V.P. Ramachandra Rao, who is a crony and close pal of the late Y.S.R, is another living example of a rags to riches story. Back when YSR was not in power, KVP could not afford much. After the first term of YSR as CM, he is flush with money. He is the man behind the company called EAST COAST ENERGY Pvt. Ltd.
East Coast Energy Pvt Ltd in the Santhabommali mandal of Srikakulam was the first to storm the ecologically fragile Naupada swamps. Work on its “super-critical technology” plant—the 2,640- MW Bhavanapadu Thermal Power Plant on 2,050 acres—has already commenced, to the chagrin of local farmers, fisherfolk and agitating environment NGOs.
East Coast Energy Pvt Ltd in the Santhabommali mandal of Srikakulam was the first to storm the ecologically fragile Naupada swamps. Work on its “super-critical technology” plant—the 2,640- MW Bhavanapadu Thermal Power Plant on 2,050 acres—has already commenced, to the chagrin of local farmers, fisherfolk and agitating environment NGOs.
Filling and raising of marshland in the project area is changing the character of the Naupada swamps and causing irreversible ecological damage. Barely three km away from the site is the Telineelapuram bird sanctuary which the Bombay Natural History Society (BNHS) and Birdlife International recognise as a globally Important Bird Area (IBA).
In an apparent rush to seek environmental clearance for the East Coast Energy project, AP’s special chief secretary (environment, forests, science and technology) in February 2009 submitted a CRZ (coastal regulatory zone) demarcation report and NOC from the AP government to the Union ministry of forests and environment. The report listed the legal status of quarry land and detailed drainage plan. However, what it conveniently ignored were reports on the ecological value of the wetland and migratory bird breeding in Telineelapuram.
Blood Money - This is where YS Jagan got some of his ill gotten wealth from....
Nagarjuna Constructions Company was given permission during YSR's time to setup a power plant amidst fertile wetlands. NCC’s power plant on the beela (as the water body is known locally) at Sompeta will affect 1.5 lakh people of 30 villages. The thermal plant, which will occupy about 1,882 acres, is encroaching on a wetland area of 1,200 acres. This will devastate the lives of thousands of farmers and fisherfolk and will surely destroy the biodiversity of the swamp. Water from the beela is a lifeline for a two-crop paddy over 5,000 acres. Inland fishing sustains the Kandra and Agnikulashatriya communities. It is preposterous that such a fertile, life-sustaining area could be described by revenue officials as a wasteland.
WHY WOULD ANY LEADER WHO SUPPORTS THE COMMON MAN DO SUCH A THING? ;-) Of course, in return for money, everything is for sale. YSR wanted his family and friends to be rich at whatever cost. THIS IS THE COST..... [ ironic how his STUPID son compares his dad with Gandhi... Must be a different Gandhi and not the Mahatma].
ENJOY YOUR BLOOD MONEY, JAGAN. JESUS IS WATCHING YOU!!!!! TELL YOUR BROTHER IN LAW, ANIL KUMAR, TO GO READ THE BIBLE AND MEND HIS EVIL WAYS TOO! HE IS A FALSE PREACHER!
For riches are not for ever: and doth the crown endure to every generation?
(Proverbs 27:24)
He that by usury and unjust gain increaseth his substance, he shall gather it for him that will pity the poor.
(Proverbs 28:8)
POLICE FIRES AT 3000 PROTESTORS
A gigantic protest by villagers against the setting up of a thermal power station in the wetlands of Andhra Pradesh has turned ugly, with the police opening fire.
Unconfirmed reports suggest three people have died this morning in the Sompeta Mandal of the Srikakulam district.
The police says it was forced to open fire when a mob of 3000 villagers attacked security personnel at the disputed location of a proposed thermal power plant.
The power station, to be built by the Nagarjuna Construction Company, has been opposed by environmentalists because of its location in an ecologically-critical wetland area. They're backed by thousands of farmers and fisherfolk in over 32 villages in the area.
Villagers were upset that the Nagarjuna company decided to start construction activity, site clearing and levelling works in the Beela marsh area in the absence of required environmental clearances - aspects of the permission needed are being debated in court. Aware of local opposition, the police had imposed Section 144 which bans crowd gatherings - and deployed hundreds of police personnel for the inauguration.
WHY WOULD ANY LEADER WHO SUPPORTS THE COMMON MAN DO SUCH A THING? ;-) Of course, in return for money, everything is for sale. YSR wanted his family and friends to be rich at whatever cost. THIS IS THE COST..... [ ironic how his STUPID son compares his dad with Gandhi... Must be a different Gandhi and not the Mahatma].
ENJOY YOUR BLOOD MONEY, JAGAN. JESUS IS WATCHING YOU!!!!! TELL YOUR BROTHER IN LAW, ANIL KUMAR, TO GO READ THE BIBLE AND MEND HIS EVIL WAYS TOO! HE IS A FALSE PREACHER!
For riches are not for ever: and doth the crown endure to every generation?
(Proverbs 27:24)
He that by usury and unjust gain increaseth his substance, he shall gather it for him that will pity the poor.
(Proverbs 28:8)
For the love of money is the root of all evil: which while some coveted after, they have erred from the faith, and pierced themselves through with many sorrows. But thou, O man of God, flee these things; and follow after righteousness, godliness, faith, love, patience, meekness. |
POLICE FIRES AT 3000 PROTESTORS
A gigantic protest by villagers against the setting up of a thermal power station in the wetlands of Andhra Pradesh has turned ugly, with the police opening fire.
Unconfirmed reports suggest three people have died this morning in the Sompeta Mandal of the Srikakulam district.
The police says it was forced to open fire when a mob of 3000 villagers attacked security personnel at the disputed location of a proposed thermal power plant.
The power station, to be built by the Nagarjuna Construction Company, has been opposed by environmentalists because of its location in an ecologically-critical wetland area. They're backed by thousands of farmers and fisherfolk in over 32 villages in the area.
Villagers were upset that the Nagarjuna company decided to start construction activity, site clearing and levelling works in the Beela marsh area in the absence of required environmental clearances - aspects of the permission needed are being debated in court. Aware of local opposition, the police had imposed Section 144 which bans crowd gatherings - and deployed hundreds of police personnel for the inauguration.
Monday, July 12, 2010
Late Y.S. Rajasekhar Reddy and family - A Saga of Corruption - That is his legacy
Every person in Andhra Pradesh knows how corrupt YSR and his family is. His son amassed wealth quicker than any Silicon Valley start-up and qualifies to be studied by Harvard for his business secrets, if they were legitimate. Alas, it is all ill-gotten wealth. Wealth stolen from the people of Andhra Pradesh and India. Money that was supposed to be spent on massive irrigation projects that were supposed to make AP a farmer's haven and money got in return for giving away massive land banks snatched away from the poor farmers that YSR promised to help.
News on Brother Anil Kumar -- the son-in-law of late YSR -- who amassed wealth of his own and continues to do so.
Ore supply deal to YSR’s ‘kin’ firm stalls Assembly
The Opposition on Monday created turmoil in the Assembly demanding cancellation of a Barytes mine lease given to a firm allegedly run by the son in-law and brother in-law of the late Chief Minister, Dr Y.S. Rajasekar Reddy.
They also sought a house committee probe into the irregularities in the lease given to the company, Rakshana Steels, which is undertaking a joint venture with the AP Mineral Development Corporation for establishment of an integrated steel plant.
As per the lease agreement, the plant will be run on the iron ore available at Bayyaram, Garla and Nelakondapalli mandals in Khammam district and Gudur mandal of Warangal district The Opposition alleged that the ‘inexperienced’ Rakshana Steels, run by ‘Brother’ Anil Kumar, evangelist and son-in-law of Dr Reddy, and Mr Ravindranath Reddy, brother-in-law of the late Chief Minister, were given the mining lease ignoring the legitimate claims of tribals.
About 30 TD, CPI, CPI(M) and PR MLAs also held a dharna in front of the chambers of the Chief Minister in the Assembly till he promised to make a statement in the Assembly on Tuesday.
News on Brother Anil Kumar -- the son-in-law of late YSR -- who amassed wealth of his own and continues to do so.
Ore supply deal to YSR’s ‘kin’ firm stalls Assembly
The Opposition on Monday created turmoil in the Assembly demanding cancellation of a Barytes mine lease given to a firm allegedly run by the son in-law and brother in-law of the late Chief Minister, Dr Y.S. Rajasekar Reddy.
They also sought a house committee probe into the irregularities in the lease given to the company, Rakshana Steels, which is undertaking a joint venture with the AP Mineral Development Corporation for establishment of an integrated steel plant.
As per the lease agreement, the plant will be run on the iron ore available at Bayyaram, Garla and Nelakondapalli mandals in Khammam district and Gudur mandal of Warangal district The Opposition alleged that the ‘inexperienced’ Rakshana Steels, run by ‘Brother’ Anil Kumar, evangelist and son-in-law of Dr Reddy, and Mr Ravindranath Reddy, brother-in-law of the late Chief Minister, were given the mining lease ignoring the legitimate claims of tribals.
About 30 TD, CPI, CPI(M) and PR MLAs also held a dharna in front of the chambers of the Chief Minister in the Assembly till he promised to make a statement in the Assembly on Tuesday.
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