KT Rama Rao alleges Telangana govt 'gifted' Rs 200-crore land for Rs 7 crore to company linked to cm Revanth Reddy's brother
Hyderabad, Aug. 11 -- BRS Working President KT Rama Rao on Tuesday alleged that the Telangana government "gifted" land worth Rs 200 crore for Rs 7 crore to a company linked to Chief Minister Revanth Reddy's brother, Kondal Reddy, and questioned the government over the alleged transaction.
Rama Rao alleged that Kondal Reddy is associated with Tesseract Advanced Systems Limited, a company which, according to its annual report, has a paid-up capital of Rs 1 lakh and does not have a single employee. He questioned why the state government would allot land valued at around Rs 200 crore to such a company for Rs 7 crore.
"Revanth Reddy's brother, Kondal Reddy, created a company called Tesseract Advanced Systems Limited, which has a paid-up capi...
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