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Why Is Naidu Instigating A Stockbroker?

Why Is Naidu Instigating A Stockbroker?

YSR Congress party on Saturday found fault with Telugu Desam Party president and Andhra Pradesh chief minister N Chandrababu Naidu for instigating a stockbroker to launch a counter-attack on the opposition parties who question the irregularities in financial and other issues.

Senior YSRC leader and spokesman K Parthasarathy wondered whether Naidu had no faith in his cabinet colleagues in answering the opposition’s posers on various financial issues, particularly the suspected irregularities in floating of Amaravati bonds.

Parthasarathi alleged that Naidu was instigating an irrelevant person called Ch Kutumba Rao, vice-chairman of AP State Planning Board, to attack on the Opposition which was raising doubts on issues like Amaravathi bonds, CRDA land acquisition, matters of state finances and other political issues, on which the state cabinet is supposed to respond.

“Rao’s assurances and projections about the Amaravathi bonds cannot be the best deal as suggested by him with the staggering rate of interest and his status in the state government is questionable,” the YSRC leader said.

Though he is said to be the vice chairman of state planning board, he should know his limits and there is no rationale for him to speak politics as he has no locus standi.

“The cabinet has people with long experience and some of them belong to backward classes whom the chief minister is overriding by encouraging lumpen elements like Kutumba Rao,” Parthasarathy alleged.

The challenge of whether the state can get loans at a lesser rate of interest could be picked up only after the ruling part gives its explanation on the GOs it has issued in this context.

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Tags: K Partha Saradhi Kutumba Rao YSR Congress