YSR made 10k cr in 4 years: Naidu
TDP chief N Chandrababu Naidu on Thursday met union finance minister Pranab Mukherjee, and followed it up by meeting Leader of the Opposition in the Lok Sabha L K Advani, to seek their intervention in getting to the bottom of things.
By ET Bureau |
NEW DELHI: Stepping up his campaign against Andhra Pradesh chief minister Y S Rajasekhara Reddy for his alleged role in patronising Satyam and its subsidiary concerns, TDP chief N Chandrababu Naidu on Thursday met union finance minister Pranab Mukherjee, and followed it up by meeting Leader of the Opposition in the Lok Sabha L K Advani, to
seek their intervention in getting to the bottom of things.
Mr Naidu, who arrived here on Wednesday alongwith a delegation of leaders belonging to his party, TRS and the Left as part of the exercise to seek an independent inquiry into the chief minister���s role in patronising the disgraced former Satyam chief Ramalinga Raju, submitted to the two leaders copies of the detailed report of the alleged political scam by Mr Reddy.
Speaking to reporters after meeting Mr Mukherjee, the TDP chief said: ``Fraud committed by Satyam and state government���s involvement in it is evident. We have given details to him about how the chief minister has been involved in a huge corruption. If you go through the records, this is one of the biggest political scams in India. We have been assured that action will be taken,������ he said.
``The chief minister has created nearly 17-18 subsidiaries and also companies. One company took over another company and he transferred money ��� all illegal and corrupt money he has channelised through all these companies. He started first with Tandur project, where he brought Rs 125 crore worth shares (evaluated Rs 10 shares at Rs 71). Next year he enhanced the share value to Rs 675. So, he collected nearly Rs 700 crores, whereas he invested only Rs 125 cr. Now, owns 30% of the shares,������ the TDP supremo alleged.
`` In the last four years, he has created nearly Rs 10,000 crore worth of wealth. This is recorded with evidence,������ Mr Naidu observed. ``If we evaluate his overall wealth, it amounts to nearly Rs 1,00,000 crore, accumulated in the last four-and-a-half years,��� he said.
seek their intervention in getting to the bottom of things.
Mr Naidu, who arrived here on Wednesday alongwith a delegation of leaders belonging to his party, TRS and the Left as part of the exercise to seek an independent inquiry into the chief minister���s role in patronising the disgraced former Satyam chief Ramalinga Raju, submitted to the two leaders copies of the detailed report of the alleged political scam by Mr Reddy.
Speaking to reporters after meeting Mr Mukherjee, the TDP chief said: ``Fraud committed by Satyam and state government���s involvement in it is evident. We have given details to him about how the chief minister has been involved in a huge corruption. If you go through the records, this is one of the biggest political scams in India. We have been assured that action will be taken,������ he said.
``The chief minister has created nearly 17-18 subsidiaries and also companies. One company took over another company and he transferred money ��� all illegal and corrupt money he has channelised through all these companies. He started first with Tandur project, where he brought Rs 125 crore worth shares (evaluated Rs 10 shares at Rs 71). Next year he enhanced the share value to Rs 675. So, he collected nearly Rs 700 crores, whereas he invested only Rs 125 cr. Now, owns 30% of the shares,������ the TDP supremo alleged.
`` In the last four years, he has created nearly Rs 10,000 crore worth of wealth. This is recorded with evidence,������ Mr Naidu observed. ``If we evaluate his overall wealth, it amounts to nearly Rs 1,00,000 crore, accumulated in the last four-and-a-half years,��� he said.
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