Hyderabad, Apr 15 UNI | 4 months ago

YSR Congress today claimed that its stand on N Chandrababu Naidu showing nepotism in pursing the World Bank-driven privatisation policy has been vindicated with the revelations of P C Parak in his book "Crusader or Conspirator."


"The retired IAS officer has written in minute detail how Chadnrababu Naidu pursued the World Bank dictates and went for privatization ignoring the people's interest on one hand and showing nepotism in distributing profit making PSUs among his coterie on the other," party official spokesperson Vasireddy Padma alleged while talking to reporters here.

"The privatisation of PSUs has thrown over 26,000 people out of jobs but has benefited his close associates who grabbed the units at throwaway prices and are now managing them as private limited companies," she alleged.

The author, who was then in service, had opposed many times the overzealous approach of N Chandrababu Naidu towards privatization but the TDP leader went ahead with the World Bank agenda, Parak wrote in the book, she pointed out and alleged that Mr Naidu had privatized 54 PSUs bowing to the conditions of World Bank and distributed them among his coterie.

"The author has also said the government has lost Rs 308 crore only in a single case of Nizam Sugars. Naidu has closed down many sugar and spinning mills in the cooperative sector and gave it to his corporate circle," she said.

"The nine year rule of Naidu has been dotted with such anti-people policies and how could he face the people now and tell them about development as part of electioneering," she said.

"When he (Naidu) speaks about development it could not be anything other than privatization," she said and asked the TDP leaders to come for an open debate on the closer of PSUs and distributing them to his own people at dirt cheap prices.

She also flayed Sabbam Hari for his negative campaign on Y S Jagan Mohan Reddy and alleged that a section of media was lapping up the story 'though the leader is speaking out of frustration and venting out his imagination that the graph of YS Jagan Mohan Reddy is falling down.'

(Posted on 15-04-2014)