A Happy Quid Pro Quo? YSR govt sanctioned 13,000 acres to Vadarevu and Nizampatnam Port and Industrial Corridor as an SEZ. Promoter Nimmagadda Prasad, lodged in Chanchalguda jail, invested Rs 450 cr in Jagathi Publications, Rs 27 crore on Sakshi office building. Hetero Pharma Co granted 75 acres; invested Rs 4.5 crore in Jagathi Publications India Cements granted 10 lakh gallons of river water for its Nalgonda factory; invested Rs 40 crore in Jagathi Penna Pratap Reddy of Penna Cements signed a lease for mining bauxite in Vizag, with norms relaxed; invested Rs 45 crore in Jagathi Aurobindo Pharma granted 75 acres in Polepalli SEZ; invested Rs 10 crore in Jagathi Indu Projects given 250 acres in Lepakshi Knowledge Hub; invested Rs 70 crore in Jagathi Publications Ramky Group sold land granted in Vizag Pharma SEZ; invested Rs 8 crore in Jagathi RR Global gets Obulapuram iron ore transport lease; invested Rs 49 crore in Jagathi Publications, Rs 30 crore in Indira Television PVP real estate group is said to have invested Rs 147 crore in Jagathi Publications in return for land on the outskirts of Hyderabad Apart from all this, some 22 shell companies like Gateway Computers, Moon Enterprises, Bay Inland Finance and others are said to have invested Rs 64.69 crore in Jagathi Publications; these companies were found to have no operations.
Posted on: Tue, 29 Oct 2013 03:03:29 +0000
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