Jagan and his proxies controlling all major mineral resources:TDP | india | Hindustan Times
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Jagan and his proxies controlling all major mineral resources:TDP

The main opposition party, Telugu Desam(TDP). has alleged that all major mineral resources in the state are controlled by the relatives or proxies of YSR Congress president Jagan Mohan Reddy and the Kadapa MP would rake in a huge Rs 16.63 lakh crore in the next 15 years by exploiting these mineral resources.

india Updated: Jun 09, 2012 17:10 IST
Ashok Das

The main opposition party, Telugu Desam(TDP). has alleged that all major mineral resources in the state are controlled by the relatives or proxies of YSR Congress president Jagan Mohan Reddy and the Kadapa MP would rake in a huge Rs 16.63 lakh crore in the next 15 years by exploiting these mineral resources.

Releasing a report titled ‘Government lands and mines in the hands of Jagan and his benamis in AP’, Opposition leader in AP Legislative Council D Veerabhadra Rao said the relatives and proxies of Jagan had mines spread over 1,81,079 acres in Khammam, Ranga Reddy, Srikakulam, Vizianagaram, Visakhapatnam, East Godavari,West Godavari, Guntur, Prakasam, Nellore, Chittoor, Anantapur, Kadapa and Kurnool districts, which would generate Rs 16,63,400 crore in 10-15 years. To justify his point, Rao said that the Indian Bureau of Mines has projected the income from one iron ore mine given to Rakshana Steels (spread over 1.40 lakh acres at Bayyaram in Khammam district and allegedly owned by Jagan's brother-in-law, Anil Kumar) at Rs.40 lakh crore in 25 years.

He further charged that the benamis were allotted a further 94,038 acres of land by the YSR regime under the guise of SEZs and projects and these lands are presently valued atRs 33,935 crore.

He said Jagan had established the YSR Congress with a single-point agenda. He wanted people to vote him into power so that he could protect his ill-gotten wealth and ‘loot’ the state some more.
Rao felt that the allotment of lands to various companies and individuals and mines should be scrapped.”The State could be run without levying any taxes for the next 15 years if all these mines and lands were taken back by the government,” he added.

Rao listed some of the mines and lands leased by state government to Jagan`s proxies.The list includes, besides the iron ore mines to Rakshana Steels, bauxite mines to Ras-Al-Khaimah and Penna Prathap Reddy (10,000 acres), beach sand mining project to Y.S. Sudheekar Reddy (20,592 acres), Saraswathi Power (1,515 acres), Kakinada Special Economic Zone (10,00 acres), Vanpic (28,000 acres) and Lepakshi Knowledge Hub (8,844 acres)