Manne Krishank challenges Revanth Reddy over Medicover, Maxbien Pharma links

BRS spokesperson Manne Krishank challenged Chief Minister A Revanth Reddy to a debate over alleged links among Medicover Hospitals, Maxbien Pharma and MindVault Corporate Schools. He cited shareholdings and alleged connections, calling for a CBI probe or distribution of funds among farmers

Hyderabad: BRS spokesperson Manne Krishank on Thursday challenged Chief Minister A Revanth Reddy to a debate over alleged links between Medicover Hospitals, Maxbien Pharma and MindVault Corporate Schools. He cited shareholdings held by three individuals across the three companies and their alleged close association with Revanth Reddy.

Responding to the Chief Minister’s remarks, Krishank said he had presented three pieces of evidence to support his allegations regarding ownership of the companies.

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Krishank said Dumpa Sirisha Reddy held 46,46,596 shares in Medicover, 37 lakh shares in Maxbien Pharma and 1,97,500 shares in MindVault. Brahmananda Reddy held 28,78,192 shares in Medicover and 65,834 shares in MindVault, while Annam Sharath Reddy held 5,08,808 shares in Medicover and 1,08,000 shares in Maxbien Pharma, he said. According to Krishank, all three individuals are directors in all three organisations.

He alleged that Maxbien Pharma was linked to the Chief Minister’s son-in-law, Goluguri Satyanarayana Reddy, and that MindVault was associated with his daughter, Nymisha Reddy.

“The link is clear, Revanth Reddy garu. You have successfully made black money into white by selling Medicover Hospital for Rs 13,200 crore,” Krishank said, demanding an explanation over the alleged connections.

He challenged Revanth Reddy to order a CBI probe or distribute the amount among farmers.