Senior TDP chief and former Andhra Pradesh Minister Bandaru Satyanarayana Murthy on Sunday alleged ruling YSRCP leaders of Rs 1,000 crore land rip-off. The previous AP minister alleged that survey quantity 336 of Madhurawada in Visakhapatnam was on the order of the members of the family of state CM YS Jagan Mohan Reddy.

Chatting with the media on Sunday, Satyanarayana Murthy claimed that the TDP has proof to again up the accusations and referred to as for a CBI investigation. The land TDP chief talked about has been topic to controversy since 2003. After paying Rs 93 crore on the courtroom’s order as a part of arbitration in 2019, Ramesh Kumar Banguri of Radiant Builders was resulting from obtain 50 acres of land, stated Satyanarayana. 

Satyanarayana stated that Ramesh had been pressured to signal an MoU relating to the event of the land at survey quantity 336 in Madhurawada by YSR Congress Get together chief and MP Vemireddy Prabhakar Reddy. He additional claimed that Ramesh was pressured to just accept a 70:30 revenue break up from the sale of villas, which might have given Ramesh 30 per cent of the proceeds and Prabhakar Reddy, the developer, 70 per cent.

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Based mostly on the property valuation in Madhurawada, the TDP chief stated that Prabhakar Reddy would have made a revenue of Rs 1,000 crore. The settlement was to assemble villas on 32 acres. Moreover, Satyanarayana claimed that commercials for the sale of villas had been revealed underneath the title of Capital Luxx, which isn’t a accomplice within the venture.

Previous to Prime Minister Narendra Modi’s go to to Visakhapatnam, he stated that they might give all of the information pertaining to the rip-off to BJP MP GVL Narasimha Rao, who’s demanding a CBI investigation into this subject. He additionally urged that the CBI ought to look into land scams within the metropolis.

(With inputs from ABP Desam — It’s a Telugu platform of ABP Information. For extra information, commentary and newest happenings from two Telugu states, observe https://telugu.abplive.com/)