In a bold confrontation shaking Telangana’s corridors of power, BRS leader K.T. Rama Rao on Wednesday accused Chief Minister Revanth Reddy of shielding a benami outfit named KLSR Infrastructure. Addressing reporters, KTR laid out a timeline of alleged irregularities, insisting on a thorough probe.
From day one, KLSR purportedly served as Revanth Reddy’s proxy, evading scrutiny through complex financial maneuvers. KTR brandished evidence of ties, especially damning given the firm’s ongoing corporate insolvency resolution process (CIRP).
The Supreme Court’s intervention couldn’t come soon enough, seeking explanations from the state on why a bankrupt entity indulges in multimillion transactions and meddles in court matters. KTR painted this as a direct assault on judicial integrity.
He slammed the CM’s Davos theatrics over phone-tapping allegations, complete with an SIT, as a smokescreen to bury these revelations. ‘Public memory isn’t that short,’ KTR quipped, rallying for accountability.
KTR’s wishlist was exhaustive: launch probes now, suspend all KLSR activities, blacklist it permanently, and void contracts grabbed without merit. Flashback to 2018: ED raids on KLSR spotlighted its nexus with then-Congress chief Revanth Reddy, as covered extensively by media.
Even after NCLT slapped insolvency tags, post-CMship favors allegedly funneled ₹6,000 crore in projects—think Amrut, water missions, schools, irrigation, roads. KTR linked it to Sai Maurya, the CM’s kin-run firm, exposed in IT sweeps on September 27, 2018.
July 2023 saw rival claims land in NCLT, locking finances—but not before land grabs via fund siphons, per KTR. Enforcement probes had already sniffed irregularities. As accusations fly, Telangana watches if this BRS salvo forces real change or fuels more partisan warfare.