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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.

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