Previous BRS Govt Was Involved in Corruption and Organized Loot: Congress

Hyderabad: TPCC Spokesperson Syed Nizamuddin has alleged that the previous BRS Government was involved in corruption and organized looting.

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Addressing a press conference at Gandhi Bhavan on Saturday, Nizamuddin said the previous BRS Government weaved a vast web of photo tapping and extortion through electoral bonds.

He alleged that donations to the BRS through electoral bonds were pure corruption or extortion.

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He further claimed that the BRS Government used phone tapping to target businessmen and individuals and made them pay crores of rupees either in black or through electoral bonds. All donations made by the companies were allegedly made as Quid Pro Quo.

Nizamuddin demanded a detailed inquiry into the dealings of all donors and all the contracts/favors to those companies by the previous BRS Government.

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According to him, the Congress Government exposed the organized corruption and loot by the previous KCR Government within 100 days of being in power.

He stated that all those involved in this racket would soon go to jail, and they would also be punished by the people in the coming Lok Sabha elections.

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The Congress Spokesperson also reminded the public about the Remdesivir injection. Although not proven to help in recovery from the Coronavirus, Remdesivir was one of the few treatment methods that the Indian government has approved.

The MRP for Remdesivir was Rs 3,490 per vial. However, due to huge demand, it was sold in the black market for a much higher price.

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Nizamuddin claimed that the company that manufactured Remdesivir, Hetero Pharmaceutical Group, earned hundreds of crores by exploiting a global pandemic to gain profits.

He also alleged that the BRS and BJP took their share from the organized loot. The same Hetero companies donated Rs 120 crore to the BRS party through electoral bonds from April 2022 to July 2023, he said.

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Nizamuddin also mentioned that the BRS leadership exploited the Covid-19 lockdown and pandemic to make money.

He claimed that the BRS government had run an extortion gang for organized loot, and there was a strong link between electoral bonds and phone tapping in the organized loot scandal of BRS.

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According to him, Suspended Special Intelligence Bureau (SIB) DSP D Praneeth Rao, under the direction of higher-ups, including former SIB chief Prabhakar Rao, allegedly used audio clips obtained through phone tapping to pressure businesspersons into purchasing electoral bonds in favor of the BRS.

He also mentioned that companies like Hetero Group and Megha Engineering & Infrastructure Limited (MEIL), among others, made significant contributions through electoral bonds, raising suspicions of quid pro quo arrangements between donors and the ruling party.

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The timing of these donations often coincided with the award of contracts or favorable government decisions. Companies like IRB Infra and Kitex Garments purchased bonds shortly after receiving government contracts, clearly showing a nexus between political contributions and government favors.

Overall, since April 12, 2019, the BRS redeemed bonds worth Rs 1,383 crore. Of this, the BRS redeemed bonds worth Rs 192.6 crore between October 11, 2018, and April 10, 2019.

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The rest (Rs 1191.15 crore) was redeemed from May 2019 to December 2023. The purchase of electoral bonds seemed closely linked to the award of contracts and donor companies’ opening of new units.

Citing an example, he said that the BRS encashed the bonds donated by IRB Infra, which were purchased a few weeks after the Outer Ring Road (ORR) contract was awarded to the company.

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The BRS government issued a Letter of Acceptance (LoA) to IRB Infra on April 27, 2023, leasing out the ORR for 30 years for maintenance.

Interestingly, the company purchased bonds worth Rs 25 crore on July 4, 2023, and the BRS encashed them on July 13. The purchase of bonds occurred just a few weeks after the LoA was awarded, leading to suspicion that the bonds were a gift. (Maxim News)

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