Revanth Reddy's Brothers Benefit From Rs 1,000-crore Deal: BRS

BRS leader Manne Krishank today made serious allegations concerning Chief Minister Revanth Reddy's visit to the USA.

According to reports, Revanth Reddy signed a deal worth Rs 1,000 crore with Swachh Bio, which Krishank alleged was a two-week-old company allegedly owned by Reddy's family.

Speaking to media persons at Telangana Bhavan, Krishank claimed that Swachh Bio's first director was Vedavalli Sivananda Reddy, who ran a bar in Uttar Pradesh, and second director was Anumula Jagadeesh Reddy, Revanth Reddy's brother.

He said that neither of them was present during the MoU signing. "Harsha Pasunoori, who is a proxy for Revanth Reddy's brother, was in the photo with the CM," he said.

He said that as per records with the Ministry of Corporate Affairs, Swachh Bio was established in July, and asked how such a new company could secure a Rs 1,000 crore deal.

"Revanth Reddy is exploiting the State's resources to benefit his family. While one brother Kondal Reddy is in Australia, two brothers Jagdeeshwar & Revanth are in the USA, and a fourth brother Tirupathi Reddy is celebrating his birthday in the city, defacing it with his birthday posters," Krishank said.

He also sought to know about an Rs 830 crore deal with Walsh Karra, another "dubious" company. He criticized Reddy for handing over valuable Telangana lands to bogus companies.

He further asked what the necessity was for Revanth Reddy to have a large entourage of 30 members to the USA, and implied that it was to further his brother's business interests & settle them. He said that this was a clear example of family rule and misuse of power, wherein the State's wealth and opportunities were being funnelled to the CM's relatives.

"It is unacceptable for the Chief Minister to use his position to benefit his family while ignoring the needs of the people. Is this quid pro quo or office of profit?" he asked.

He demanded that the Congress leaders respond to these allegations. "Revanth Reddy must address these serious accusations. We will seek legal recourse against the deals made with these bogus companies. We are ready to prove our claims using publicly available information," he said.