KTR Alleges Major Land Scam and Hints at Revealing MP’s Name Soon

KTR Alleges Major Land Scam:BRS Working President KTR has accused the Congress government of initiating a massive scam through the Kanch Gachibowli land auctions. He claims the government is moving forward with the auction despite lacking proper documentation. Addressing the media at Telangana Bhavan, he revealed that the government had already secured a ₹10,000 crore loan by manipulating market value estimates.

BJP MP’s Alleged Role in the Scam

KTR alleged that a BJP MP is backing Chief Minister Revanth Reddy in executing this land auction. He stated that Revanth Reddy is fully aware of the irregularities and is deliberately involved in wrongdoing. According to him, a brokerage firm plays a crucial role in this transaction. The government awarded a ₹170 crore contract to Trust Investment Advisory Company which KTR claims is central to the scam.

Land Rights and Legal Violations

KTR questioned how the Telangana State Industrial Infrastructure Corporation (TSIIC) could auction the land when it holds no legal ownership. He pointed out that the Supreme Court recognizes the 0.4-canopy Kanch Gachibowli land as forest land. Any attempt to mortgage or sell this land violates forest laws.

He further alleged that Revanth Reddy with the help of a BJP MP and a brokerage company committed a financial crime by attempting to sell forest land. He raised concerns over ICICI Bank granting ₹10,000 crore against this disputed land.

KTR Alleges Major Land Scam

KTR announced that he is filing a complaint with the RBI, SEBI, Central Vigilance and CBI. He questioned the selection process of the brokerage company and the direct involvement of a BJP MP. KTR vowed to expose the MP’s name soon.

He challenged the central BJP government to conduct a fair probe into this scam if they genuinely stand against corruption.

KTR further alleges that a BJP Member of Parliament facilitated the involvement of Trust Investment Advisors Private Limited, a brokerage firm, to secure a ₹10,000 crore loan from ICICI Bank using the disputed land as collateral. He claims that this transaction bypassed standard financial regulations and lacked necessary documentation.

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