AP Cabinet for ‘CBI Probe’ in to Insider Trading in Amaravathi


Andhra Pradesh Cabinet on Friday decided to ask the Central Bureau of Investigation (CBI) to probe into alleged ‘Insider Trading’ by the erstwhile Telugu Desam Party in connection with the state capital Amaravathi.

A decision to this effect was taken at its cabinet meeting held here today by the ruling YSRCP party led by its Chief Minister YS Jaganmohan Reddy. The 3-hour long Cabinet meeting also decided to inquire into the allegations of corruption in the Capital Regional Development Authority (CRDA) project along with several other decisions including allocating funds to various departments.

Revealing the decision to the media here, the Andhra Pradesh Minister Perni Nani said that the Cabinet Sub-Committee constituted to probe into the alleged corruption charges in CRDA activities, has found prima facie evidence to this effect. The cabinet also discussed in detail on various other issues including the GS Rao committee and Sivarama Krishnan Committee reports. “The government will seek legal opinion before ordering for the probe”, he said.

It has been established that a private company owned by the former Chief Minister had procured lands in Amaravathi before July 2014. The information pertaining to its purchase date, registration numbers along with requisite stamp duty etc. are all with us. Similarly, the information pertaining to the then Ministers, MLAs, MPs, who have purchased lands in the names of their family members, company worker, domestic help and drivers is also with us, he said. ‘Hence, the probe will be against those indulged in inside tradition before December 31, 2014″, he concluded.

Nani further revealed that a detailed report is being awaited from the Bostan Company and any decision on the Capital will be taken only after that. “The govt will study both GS Rao and Boston Committee reports thoroughly before taking any decision on the capital issue”, he declared.

Other decisions are taken at the Cabinet meeting today include:

  • Green signal for holding Panchayat elections in the state
  • Reservations for Panchayat Raj has been decided
  • Purchase of new 108 Ambulance vehicles
  • New Policy for Agricultural products
  • New Purchase Policy for fixing MSP to agricultural produce
  • Allocation of 4 acres in YSRCP Cuddapah district for setting up Waqf Board
  • For ongoing irrigation project – Rs 25,000 crore
  • For educational institution buildings – Rs 12,000 crore
  • For the development of hospitals – Rs 14,000 crore
  • For Polavaram, North-Andhra Sujala Sravatni, Waters to Rayalaseema – Rs One Lakh Crore
  • For Arogyasri – Rs 3150 crore
  • For Ammavodi scheme – Rs 6,000 crore
  • For Housing for the Poor – Rs 45,000 Crore
  • For Housing Building – Rs 9,000 crore
  • For Water Grid development – Rs 40,000 crore
  • For Social Welfare, Tribal and BC Welfare – Rs 35,000 Crore
  • For Rice distribution to the poor – Rs 10,000 crore
  • For Fee Reimbursement to the students – Rs 6,000 crore