KCR’s 1000 Crore Scam In Kokapet Lands Sale?

Telangana PCC president Revanth Reddy made sensational allegations. He alleged that the participants in the government land auction in Kokapet were Chief Minister KCR’s Benami companies. He said national and international companies were threatened in advance not to participate in the auction.

“Only My Home Rameshwarao, family members of Siddipet Collector Venkatramireddy, Mahabubnagar MP Srinivasareddy’s brother company, and Chaitanya company were involved in the auction,” Revanth Reddy alleged. He also released some documents related to this to the media.

“When an acre in Kokapet would fetch a price of Rs 60 crore, how the other plots there would fetch only Rs 30-40 crore per acre? The government had incurred a loss of Rs 1,000 crore and the money has gone into KCR’s pocket. HMDA was supposed to get revenue of Rs 3,000 crore but got only Rs 2,000 crore,” he alleged.

“The price per acre in Kokapet was Rs 15 crore to Rs 20 crore when there were no facilities in 2006, but now with the arrival of the ring road, airport, etc, why there is not much appreciation?” he questioned. The Malkajgiri MP demanded that if KCR was not involved in these transactions, he should cancel them and call for tenders again.