Prof Nageshwar: Why doesn’t Chandrababu speak on Reliance?

In a media interview, an eminent professor of Mass Communication of Osmania University and sitting MLC, Prof Nageshwar wondered why Chandrababu Naidu never said anything against Reliance, even after CAG has clearly made it a mention that Reliance has been involved in corruption amounting Rs 4lk cr in their report.

Further, he said how he could open his mouth as he was the same person who made allocations of KG Basin to Reliance. Prof Nageshwar wondered if there was any project fetched to the state by Chandrababu who claims himself as a statesman moved pawns in the center during his 9 yrs regime.

He said what Babu did was to get a hold on judge posts to his desired and allocate contracts to his kith and kin. In a similar vein, Babu got the KG basin allocated to Reliance, added Nageshwar. As a result, said Nageshwar, Ramoji group which was in losses amounting Rs 1800cr (based on Ramoji IT returns) was supported by the Reliance through their investments of Rs 2600cr in the year 2007 on the fraud names of 7 small companies. Nevertheless, the matter was not revealed anytime.

He wondered how the investments were made without SEBI being informed and while keeping the share holders in dark. Nageshwar further said why they didn’t disclose that the amount was their own till the time Vijayamma filed a case against Chandrababu, Ramoji Rao and Reliance in 2012. Nageshwar said grapevine had it that the amount was part of the commission going to Chandrababu Naidu from reliance. For the same reason either Chandrababu or Ramoji Rao never ever say anything against Reliance, added Nageshwar.