Reportedly actor, Hindupur MLA and Chandrababu Naidu's brother-in-law Nandamuri balakrishna is under the scanner as allegations are rife on him that he along with one of his relatives had bought 500 acres of land in Amaravati before the announcement of capital city. Furthermore government sources allege that Balayya and his in-law bought 500 acres of land and they call it as "insider trading".
Further government sources allege that several other TDP leaders had also bought large areas of lands in and around the capital before its declaration. When responding on this, Municipal Administration and Urban Development Minister Botsa Satyanarayana on Saturday said that all aspects of the insider trading related to Amaravati capital would be exposed soon and he said no one would be left out.
Moreover Finance Minister Buggana Rajendranath Reddy also made some serious allegations on the floor of Assembly on Friday and he said severe irregularities were practiced by previous TDP government to bring singapore Consortium on board. According to Buggana, singapore Consortium in its agreement stated that it would invest Rs 306 Crore, AP government would bear Rs 5500 Crore. While YCP and TDP leaders continue to make allegations and counter-allegations against one another, the growth and works of Amaravati Capital have hit rock bottom.
