Wednesday’s presser in Hyderabad turned into a political earthquake, with BRS firebrand K.T. Rama Rao targeting Telangana CM Revanth Reddy over KLSR Infrastructure’s shadowy dealings. Labeling it a benami vehicle, KTR pushed for uncompromising scrutiny.
Evidence in hand, KTR asserted KLSR’s foundational purpose was to front for Revanth Reddy, thriving illicitly amid insolvency woes at NCLT.
Enter the Supreme Court: notices demand Telangana clarify blockbuster transactions in a bankrupt shell and attempts to sway justice. KTR decried it as systemic rot.
Revanth’s Davos phone-tap drama and SIT launch? Pure diversion, per KTR, from core corruptions demanding daylight.
KTR’s blueprint: probe forthwith, paralyze KLSR functions, blacklist eternally, annul all tainted awards. Rewind to 2018—raids galore on KLSR, ties to Congress boss Revanth splashed in headlines.
Insolvency hit post-that, yet CM clout allegedly bagged ₹6,000 crore hauls in Amrut projects, water schemes, elite schools, farm canals, highways. Sai Maurya, the familial firm, featured in 2018 IT blitzes revealing fund flows on September 27.
Mid-2023 NCLT battles froze assets, but not before massive land maneuvers via laundered cash, KTR alleged, nodding to prior probes’ troves. With BRS unrelenting, this saga could redefine Telangana’s power dynamics.