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KCR Committed Economic Fraud, Must Resign: Congress

Top leaders of the Congress all bayed for KCR's scalp today over the CAG report that censured the government of economic misreporting and possible corruption.
Hyderabad | 1st April 2018
Top leaders of the Congress in Telangana all bayed for KCR's scalp today over the CAG report that censured the state government of economic misreporting and mismanagement, and possible corruption.

Telangana Pradesh Congress Committee (TPCC) President N Uttam Kumar Reddy alleged that the TRS government had committed a serious economic offence and therefore KCR should resign.

He was addressing a press conference along with AICC Secretary R C Khuntia, Leader of Opposition in the Telangana Council Mohammed Ali Shabbir, MLA Revanth Reddy and other leaders on Sunday before leaving for Ramangundam to launch the second phase of the Praja Chaitanya Bus Yatra.

Reddy said that the KCR government had fudged budget figures showing loans as revenue to not only mislead the people to show Telangana as a rich and revenue-surplus state, but also cheat financial institutions to get more loans. That was a serious economic crime unprecedented in the entire country, he claimed.

He said that the KCR government had also violated the FRBM ceiling of 3.5% and borrowed up to 4.8% due to the cooking of books. This was another economic offence which badly hurt the interests of the Telangana people and its future generations, he said.

The TPCC chief also said that the CAG had also exposed the diversion of funds from the SC Sub-Plan to other purposes.

He alleged that the TRS Government had been wasting public money and securing huge loans for various projects only to get commission from contractors. The government had lost its moral authority to continue in power after the CAG exposure, he said.

He said that that the Congress was exploring all legal means to take action against the Chief Minister, Finance Minister, Finance Secretary and other concerned officials of the state for the manipulation of figures.

The Congress would also expose the criminal acts of TRS government and the implications of its financial fraud before the people in the second phase of the bus yatra which would continue for 10 days from tomorrow, he added.

Shabbir Ali too demanded that KCR immediately resign for misleading the people with "false" claims that Telangana was a rich and surplus-revenue state.

He said that since the last four years the Congress was repeatedly saying during the discussions on the budgets that the state government was making allocations but was not spending the allotted money. He also alleged that less than 50% of the the budget for the welfare of the SCs, STs, BCs and minorities was being incurred in the past four years, and the same was endorsed by the CAG in its report.

Shabbir Ali said that the poor management and lack of spending the budget allocations proved that KCR and his government lacked experience, and that the TRS had lost the right to rule the state. He alleged that the Chief Minister and his cabinet colleagues were speaking lies and making false promises on the floor of THE House, which was breach of privilege of the House.

He also demanded that a probe be ordered into the "irregularities" in Mission Kakatiya and other programs in the light of the CAG findings.

Jana Reddy too alleged that the Chief Minister was misleading the people by showing a deficit budget as a surplus budget.

The CAG report made it clear that Telangana was in debts, he said, and called upon the people to wake up before KCR took Telangana into a debt trap.
filed in:  Telangana, Telangana Congress, N Uttam Kumar Reddy, K Jana Reddy, CAG, Shabbir Ali, TRS, KCR, Corruption, Budget
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