Tesseract land deal is bigger than MUDA scam, says KTR
BRS leader K.T. Rama Rao has accused Telangana Chief Minister Revanth Reddy of facilitating a corrupt land deal for his brother's company, Tesseract Advanced Systems. The allegations claim the firm received high-value land at a fraction of its market price despite lacking professional credentials or employees.
Why it matters
This highlights ongoing political corruption allegations in Telangana, potentially impacting the stability of the current state government.
Working president of the Bharat Rashtra Samithi (BRS) K.T. Rama Rao has alleged that the Tesseract land deal of Chief Minister A. Revanth Reddy’s brother is bigger than the MUDA (Mysuru Urban Development Authority) scam in Karnataka that had cost K. Siddaramaiah his Chief Minister’s post as the Lok Ayukta had faulted allotment of 3 acres land to his wife.
Speaking to the media here on Tuesday, he alleged that the State Government led by Mr. Revanth Reddy had allotted 5 acres of highly valuable land in the Fourth City to his brother without proper credentials to his firm — Tesseract Advanced Systems Private Ltd.
Mr. Revanth Reddy’s brother Kondal Reddy was the chairman of the company and it was ratified by Mr. Kondal Reddy himself in his LinkedIn profile.
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