Whenever there is an occasion, TDP president and former CM N Chandrababu Naidu claims credit for creating a new city – Cyberabad within Hyderabad and developed it as a modern Information Technology hub.
While nobody would deny Naidu’s contribution in the development of Madhapur, now the IT hub of Cyberabad, there were also large allegations that he had benefitted rich people form his caste group to invest in the area and make big money through real estate dealings.
This is what YSR Congress party president and present Andhra Pradesh chief minister Y S Jagan Mohan Reddy is trying to expose.
“Naidu had indulged in large scale insider trading in Madhapur in Hyderabad in the late ‘90s. He tried to replicate the same approach in Amaravati during his tenure,” Jagan alleged, in an interview to a national media.
The chief minister said the special investigating team was probing land deals and unearthing benamis of his predecessor and his cronies.
“People with vested interests purchased lands from poor farmers. Then came the announcement of the capital and subsequent scam. Those who purchased lands at throw away prices benefited to the tune of thousands of crores of rupees. It was just a real estate business by the previous regime to benefit a certain section of people,” he said.
Reacting to the criticism that mere shifting of secretariat to Visakhapatnam and high court to Kurnool would not mean development, Jagan wondered why then the TDP leaders were making such hue and cry.
“If the secretariat and assembly or high court do not mean development, then why bother? Do not talk about them,” he shot back at his critics.
The chief minster asked why all these functions should be delivered only from a particular place.
“If you put all your eggs in one basket you are going to suffer. Then why you want to continue with the same approach without taking into account the past experiences? It is not logical and rationale thinking,” he said.
