Hyderabad: The BRS accused Chief Minister A Revanth Reddy on Tuesday of making ‘fraudulent investment deals’ during his current trip to the USA.
The BRS leader, Manne Krishank, spoke at a press meet at Telangana Bhavan on Tuesday. He mentioned that an agreement was signed with Walsh Karra Holdings for an investment of Rs 839 crore, which was supposed to benefit Telangana women, according to the CM’s office.
However, Krishank questioned the legitimacy of Walsh Karra Holdings. He noted that the company was incorporated only four months ago with just two directors, each holding fifty shares. He expressed doubt about how the owner of such a company could invest in Telangana, pointing out that there were no financial statements available for the company.
Krishank also recalled that Revanth signed a deal with a fraudulent company, Godi India, during his visit to Davos. He highlighted the inflated estimates for the Musi project, which increased to Rs 1.5 lakh crore, and the lookout notice issued against the company Meinhardt handling the project.
He questioned whether CM Revanth Reddy’s visit to the US was intended to seek investments from fraudulent companies. He reminded everyone that it was an official visit, not a private one, and urged the CM to bring genuine companies for investments in Telangana.
Krishank concluded by stressing that any agreements made by CM Revanth should be with companies that have a good track record. He emphasized the significant increase in investments during KCR’s tenure and noted that IT investments surged under the BRS rule. However, he pointed out a sharp decline in investments from 2023 to 2024.
