Telangana minister for information technology K T Rama Rao, who is also in-charge of Hyderabad, has attacked a section of media for creating a negative impact about the city by writing stories on the sensational Miyapur land scam.
Reacting to a story published by a national finance daily that the land scam has created a sort of uncertainty among the information technology companies, KTR described it as a “paid news.”
He tweeted: “Paid article written with a clear vested interest & malice. Reflective of lowest standards of Journalism. Try as you may, you won’t succeed”.
Describing Miyapur land scam as mother of all scams, the financial daily said it had impacted tech giants Google and Microsoft, which are now uncertain of the value of their real estate holdings in Hyderabad.
Several other big investors, who bought thousands of acres of land in Hyderabad are now worried over the fate of their properties.
It said Goldstone Prasad, the primary accused in the scam, was attorney of Shapoorji Pallonji group’s Cyrus Investments that bought thousands of acres of properties from the Hyderabad Nizams in 1967. Prasad allegedly facilitated the group to get few ownership clearances.
However, just before formation of Telangana in April 2014, Cyrus Investments contending deceitful selling of their land assets, invalidated the power of attorney from Prasad.