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People's Capital Or Real Estate?: Undavalli

By:  Tupaki Desk   |   11 Sep 2018 1:57 PM GMT
Peoples Capital Or Real Estate?: Undavalli
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Undavalli Arun Kumar alleged Amaravati Bonds has been against the rules of the government. He questioned, 'What is the need for offering high interest rate on Amaravati Bonds? Why TDP Government didn't accept even though HUDCO offered loan at low interest rate. Is Amaravati a People's Capital or Real Estate activity? Better if CRDA is converted into a company to obtain loans'.

The Former MP pointed out AP Government obtained loans even during the Governor rule. He challenged Planning Board Vice President Kutumba Rao to come for an open debate over irregularities in Amaravati Bonds, Polavaram, Pattiseema, Housing Scheme and so called Rs 18 lakh crore worth New Industries claimed by CM. He offered to apologise publicly if State Government answers the questions raised by him.

Undavalli told several dairies have been shut down in the past 30 years because of Heritage. He ridiculed TDP Government saying, 'While CM claims he brought Rs 18 lakh crore Investments, Sujana Chowdary informs Rajya Sabha that not even a single Industry has be set up in AP'.