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| Naidu family's firm cheated stakeho |
| Naidu family's firm cheated stakeholders: Cong
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| INDIA
, 30-January-2009
1:11:24 AM |
| Aimed at shifting the attention towards the main Opposition party, Telugu Desam, the Congress Government, which is facing all kinds of allegations after the Satyam fraud and favouring Maytas Infra in awarding the Metro Rail Project, has trained its guns on TDP chief N Chandrababu Naidu by accusing the former CM of padding up the profit figures of his family-owned firm, Heritage Foods Limited, and also by questioning his land deals. Chief Minister Y S Rajasekhara Reddy has directed Chief Secretary P Ramakanth Reddy to submit a report on the land deals of Heritage Foods and the alleged irregularities involved.
At the crux of this inquiry is a report published in the Telugu daily Sakshi that Naidu's firm cooked up figures to show that Heritage Foods Limited was running in profits when it actually incurred losses. The report appeared in Sakshi, owned by Y S Jaganmohan Reddy, son of the Chief Minister, at a time when political parties are cornering the Congress Government for favoring the Raju family.
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