AP CM, Congress leaders plundering mineral wealth: Naidu

By Staff
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Google Oneindia News

Hyderabad, Sep 6 (UNI) TDP chief and former Andhra Pradesh Chief Minister N Chandrababu Naidu today alleged that Chief Minister Y S Rajasekhara Reddy and the Congress leaders were plundering the mineral wealth of the state and the public sector AP Mineral Development Corporation was acting as an agent for this ''dubious transaction.'' Talking to the media here, he said exploitation rights of the world famous galaxy stone were given to two private companies -- 'Gimpex' and 'Midwest' -- at the rate of Rs 4,400 crore against the true value of Rs 10,432 crore and alleged that both were front companies of Dr Reddy.

Demanding that the licenses be cancelled, Mr Naidu said it was a well-known fact that Dr Reddy owned Gimpex for the last 30 years and he floated 'Midwest' under the name of one Janardhana Reddy.

Asking the media to help in ''exposing the corruption'' of the Chief Minister and the Congress Government, he said his party would fight against this in all fora, including the legislature and the judiciary.

UNI

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