CBI will probe IMG deal by Naidu: CM

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Chief Minister N. Kiran Kumar Reddy said that the Central Bureau of Investigation would soon start a probe against Telugu Desam chief N. Chandrababu Naidu for allotting land worth Rs1 crore per acre for a nominal Rs50,000 to IMG Academies Bharata Pvt Ltd, a company “dedicated to developing and promoting sports, education, leisure and lifestyle”..

Recalling Mr Naidu’s statement that the TD’s nine-year rule was a golden era for the state and that the Congress was married to corruption, Mr Kiran Kumar Reddy said people would soon see the extent of Mr Naidu’s corruption.

The Chief Minister accused Mr Naidu of being the most corrupt chief minister the state ever had. He was speaking at a public meeting in Addanki, Prakasam district, as part of his Indiramma Baata.

The TD government had allotted about 800 acres of land at Gachibowli to IMG Academies Bharata Pvt Ltd at Rs50,000 per acre. The allotment was later cancelled by the YSR government citing alleged irregularities.

The CBI had on September 24 informed the AP High Court that it is willing to investigate the case as per court directions.

The HC had earlier asked the CBI in August to file its reply and state what were its constraints in probing the case.

A division bench of the High Court comprising acting Chief Justice P.C. Ghose and Justice Vilas V. Afzulpurkar, was dealing with two petitions by T. Sriranga Rao, a practising advocate of the city, V. Vijaya Sai Reddy, YSR Congress chief Y.S. Jagan Mohan Reddy’s auditor and veteran journalist A.B.K. Prasad, seeking a CBI probe into the land deal.