'Resume lands allotted to Lepakshi Knowledge Hub', recommends State Cabinent sub-committee
July 8, 2014 - Hyderabad
The Cabinet sub-committee that is constituted on Corruption and safe guard of public properties has recommended the AP State Government to resume lands allotted to Lepakshi Knowledge Hub.
The committee said that the companies in the Special Economic Zone have invested Rs.98 crore but they obtained loans to the tune of Rs.800 crore from banks and utilized those amounts for their purposes other than they were allotted. The meeting was chaired by Finance Minister Yanamala Ramakrishnudu with its members Minister Palle Raghunath Reddy, Atchannaidu, Kamineni Srinivas.
Speaking to press after the meeting, Yanamala Ramakrishnudu said that 8,844 acres of lands were allotted during the rule of the then Chief Minister Dr.YS Rajasekhara Reddy, no constructions had taken place. He said that 5,811 acres of land belongs to DKT and was allotted at Rs.75 lakhs an acre while the rest was allotted at Rs.50,000 to an acre. The Minister said that though the lands were allotted six years back, no activity has taken place. Kiran Kumar Reddy government has issued a show cause notice to them asking ‘why the lands could not be taken back by the government, was addressed by a court stay', said Yanamala Ramakrishnudu. He said that the Committee is asking the government to engage the services of a reputed advocate to get the stay vacated. He said that they have directed the District Collector of Ananthapur to submit a comprehensive report on the issue.