CBI to probe TRS chief KCR's assets
Posted on Apr 25 2014 | IBNS
Hyderabad, Apr 25 : A special CBI court on Friday ordered a Central Bureau of Investigation (CBI) probe into the assets of Telangana Rashtra Samithi (TRS) chief K Chandrasekhar Rao (KCR).
The court ordered inquiry into Rao's wealth under the Prevention of Corruption Act, 1988.
This came after Hyderabad resident Y Balaji Vadera filed a petition in the court on the matter.
In his petition, Vadera said: "Sri K Chandrasekhar Rao with a retinue of his personal relatives and other kith and kin formed TRS Party (Telangana Rashtra Samithi) and started amassing huge wealth, movable and immovable. Even though there were protests within the party and outside, the criticizing voices were muffled, by brute might and holding out physical threats."
"The acts of amassing cash and wealth in the form of immovable properties, farm houses, ships, and private seaports was a top secret in the inner circles, but fortunately, for the common good of the society and the state, the inner secretes (Palace secrets of Sri KCR) have been revealed by none other than his relation and important erstwhile party bigwig Sri M.Raghunandan Rao the 5th respondent herein," he said.
"He seems to have been expelled from the TRS party and as such he mustered up courage to speak out in the open and exposing the true colours of Sri K Chandra Sekhar Rao. Recently Sri K Chandra Sekhar Rao suspended M Raghunandan Rao from the TRS Party.
"After suspension from the party Sri M Raghunandan Rao held a press meet on 15-5-2013 and levelled allegations against accused. The said M Raghunandan Rao claimed to be in possession of recorded proof in the form of CD's, to expose the corruption, nepotism and acts of blackmailing and extortion of cash for ransoms.
"The said Sri M Raghunandan Rao, went on record giving details of the quantity of money extortions, expensive cars, and valuable farm properties, challenged Sri K Chandra Sekhar Rao for an open debate in an open press meet. Some of the startling revelations have appeared both in the Local media and the news media and the electronic media," the petitioner said.
"It is submitted that several serious allegations of extortion of money by T Harishrao, MLA, Siddipet, nephew of Sri K Chandrasekhar Rao and Smt M Vijaya Shanthi, MP, Medak are also spoken to by Sri M Raghunandar Rao in a press meet and revealed some material evidence, and facts," he said.