After the Telangana government struck a deal worth Rs 1,000 crore with Swachh Bio, the Bharat Rashtra Samithi (BRS) accused Chief Minister A Revanth Reddy of “nepotism”.
“Exciting news! After a productive meeting with Chief Minister @revanth_anumula and Industries and IT Minister @OffDSB, Swachh Bio, a lignocellulosic biofuels manufacturing company, has announced plans for a 250 KLPD biofuels plant in Telangana!” the CMO posted on X.
However, the BRS did not share the CMO’s excitement. Speaking to the media at Telangana Bhavan, BRS leader Manne Krishank alleged that Swachh Bio’s first director is Vedavalli Sivananda Reddy, a bar owner in Uttar Pradesh while the second director is Anumula Jagadeesh Reddy, the CM’s brother. “Neither individual was present during the signing of the Memorandum of Understanding (MoU). Instead, Harsha Pasunoori, alleged to be a benami for Revanth’s brother, appeared in photos with the Chief Minister," he said.
According to the BRS leader, Swachh Bio was established in July as per the Ministry of Corporate Affairs records. Krishank questioned how such a recently formed company could secure a substantial deal. He also accused Revanth of “exploiting” state resources to benefit his family. The CM is currently leading a delegation in the US to attract investments to the state.
Krishank also questioned the need for Revanth’s large entourage accompanying him to the USA. The BRS leader alleged this was a “blatant example” of family rule and power abuse, where state wealth and opportunities are directed towards the Chief Minister’s relatives. “It is unacceptable for the Chief Minister to use his position to benefit his family while ignoring the needs of the people. Mr. Revanth must address these serious accusations. We will seek legal recourse against the deals made with these bogus companies. We are ready to prove our claims using publicly available information," said Krishank.
What is Swachh Bio?
The lignocellulosic biofuels manufacturing company provides energy solutions for a sustainable future. It plans to build a 250 KLPD second-generation, cellulosic biofuel plant in Telangana with a capital investment of over Rs 1,000 crore in the first phase.
During the first phase, the company will reportedly provide direct employment to 250 people at its plant and create 250 more jobs in additional support and other roles. According to reports, the company will also help Telangana become a biofuels hub by setting up additional plants in the near future. The state government has promised all the required support to the company.
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