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Botsa gives sleepless nights to Amaravati investors

Botsa gives sleepless nights to Amaravati investors

Several “investors”, mostly associated with the TDP, are now most worried lost these days. The worry has several reasons and two of them are the major.

The investors who are loyal to the TDP have invested more in Amaravati during the TDP regime just to promote Chandrababu Naidu’s government.

Be it “My Amaravati – My Brick”, “Happy Nest” and finally the Amaravati Bonds. The NRIs were roped in to invest in these, just to give an image that Naidu’s plans are well appreciated and successful.

The Amaravati Bonds were oversubscribed in just two hours of its listing in the Bombay Stock Exchange.

That was the image the TDP’s investors have manufactured in support of Chandrababu Naidu during the last five years.

Now, with the TDP losing power and Jaganmohan Reddy sitting at the helm, these investors are in big trouble and are desperately looking for some rescue and relief.

However, the YSR Congress government is doing everything to teach a lesson to these investors who created or manufactured positive opinion for Chandrababu Naidu and his TDP government.

Minister Botcha Satyanarayana, who gave a written reply in Legislative Council on Friday, on continuation of Amaravati as capital, had given a contradicting statement on Saturday, when he said the decision on the capital would be taken once the expert committee gives its report.

A large number of NRIs have invested in Amaravati in different forms and every one of them is now in big trouble as the investment is locked.

Jaganmohan Reddy’s men, who are now presiding over the CRDA and Municipal Administration Ministry, who handle the new capital, Amaravati, are thus giving sleepless nights for these investors.

Chandrababu Naidu made a day long visit in Amaravati to highlight the plight of these investors expecting that the government would do something to rescue his investors. However, it did not help him or his investors.

It is now to be seen what the TDP would do to help its investors, who expected a second term for Naidu to get back their money, but lost the opportunity as the TDP lost the elections.


Tags: TDP Botsa Satyanarayana Amaravthi investors