APIIC In Alleged Land Scam

Senior Congress MLA D L Ravindra Reddy on Tuesday demanded a CBI probe into the alleged irregularities in the allotment of industrial lands at Nanakramguda in Hi-Tech city, and said that the allotments were part of a Rs. 10,000 crore scam.

Talking to media person at the CLP, Ravindra Reddy alleged that the Andhra Pradesh Industrial Infrastructure Corporation (APIIC) had allotted lands worth crores or rupees to some influential persons, even though it had not gained any benefits from the allotments.

The MLA alleged that the APIIC, which he said has become a 'pocket organisation' of some individuals, was not in a position to pay even salaries to its employees now.

He said that 530 acres of land belonging to the APIIC was meant for industrial development, but it was sanctioned to some influential persons in violation of the existing rules and regulations. The MLA said that these influential persons have constructed houses and star hotels on the allotted lands.

Ravindra Reddy alleged that the then government, in 2002, had allotted 530 acres of land at Nanakramguda to 'Emaar Properties' with 51% shareholding given to the company and 49% to APIIC.

However, in 2005, the government had revised the deal, allotting 76% land to 'Emaar Properties' and 24% to APIIC, he claimed.

The MLA added that APIIC transferred its entire shareholdings to the Dubai-based MRMGF, the parent company of Emaar Properties, violating the rules and regulations.

Ravindra Reddy said he would write a letter to the high command, seeking the details of those who were beneficiaries since 2004.

Later, Ravindra Reddy, along with Congress senior leader J C Diwakar Reddy and Kantheti Satyanarayana met chief minister K Rosaiah, and submitted a memorandum seeking a probe into the entire issue.

Courtesy: INN