Kancha Gachibowli: Harish Rao demands white paper on 400 acre land mortgage

He recalled that the government had informed the state legislative assembly that the land was mortgaged to secure a loan.

Hyderabad: Voicing concern over the mortgage of 400 acres of Kancha Gachibowli land by the Telangana State Industrial Infrastructure Corporation (TGIIC), former minister T Harish Rao on Saturday demanded the State government to come out with a white paper on the issue.

He recalled that the government had informed the state legislative assembly that the land was mortgaged to secure a loan. However, ICICI Bank had now issued a statement denying any involvement, claiming that no such mortgage was made with them. This discrepancy has sparked questions about the true nature of the transaction.

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Harish Rao alleged that the government might have mortgaged the land to private brokerage firms linked to Chief Minister A Revanth Reddy. He demanded clarity on the “dark corners” of this deal and called for the release of a white paper to shed light on the matter.