Andhra Pradesh: YSRCP Alleges Large Land Rip-off In TDP-TCS Deal; TDP Reacts | India Information

Andhra Pradesh: YSRCP Alleges Large Land Rip-off In TDP-TCS Deal; TDP Reacts | India Information

Andhra Pradesh: In a critical accusation in opposition to the ruling Teludu Desam Occasion in Andhra Pradesh, the Yuvajana Sramika Rythu Congress Occasion (YSRCP) has alleged an enormous land rip-off, calling it “worse than the Bihar fodder rip-off.” As alleged by the YSRCP on its social media, land price Rs 3,000 crore in Visakhapatnam was clandestinely handed over to a newly floated firm named Ursa Clusters, below the pretext of a authentic company allocation.

“Below the guise of allotting land to firms at decrease charges, N Chandrababu Naidu, Lokesh Nara handed over land price a whole bunch of crores in Vizag to shady firms — at simply 99 paise per acre. Again then, he floated a faux firm named IMG Bharat with Billie Rao and hurriedly allotted 400 acres in Gachibowli. Now, the identical trick is being performed — allocating land price Rs 3,000 crores to Ursa, one other bogus firm,” stated the YSRCP.

The social gathering additional alleged, “Including to the scandal, TDP MP Kesineni Sivanath (Chinni), an engineering faculty classmate and enterprise companion of Satish Abburi, who can be one of many administrators, is deeply linked to those shady dealings. The reality is coming to mild, and the individuals are not blind to this net of corruption.”

YSRCP alleged that the corporate Ursa, integrated on February 12, 2025, has no credible background and is allegedly linked to TDP leaders and their associates. “First, land is quietly allotted to TCS to keep away from suspicion. Then, huge land parcels are handed over to faux firms of their selection. With the reality out, the alliance authorities is caught red-handed — neither capable of swallow it nor spit it out,” stated the social gathering.

The social media put up of the YSCRP is now going viral. The TDP has rejected the allegations saying that the allocations are as per guidelines. 

“YS Jagan Mohan Reddy has a grudge in opposition to the state. Letters to the World Financial institution to cease the capital Amaravati yesterday.. At the moment, conspiracies to cease the investments coming to Visakhapatnam..Tales about Ursa are false. Allocations to Ursa are as per the foundations. With an funding of Rs 5,728 crore, the goal is 2,500 jobs. The mission is scheduled to be accomplished inside two years. If not, the mission can be cancelled and the lands can be returned. Regardless of such clear guidelines, YCP’s chief is simply speaking nonsense,” stated the TDP.

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