BRS Demands ED Probe into Revanth Reddy’s Family Assets
BRS leader Manne Krishank calls for an ED investigation into Telangana CM Revanth Reddy’s family business dealings and alleged wealth.
The political temperature in Telangana has spiked following explosive allegations made by the Bharat Rashtra Samithi (BRS). The party has formally demanded a central investigation by the Enforcement Directorate (ED) into the financial dealings, corporate connections, and rapidly growing assets of Telangana Chief Minister A Revanth Reddy and his family members.
Addressing a press conference at Telangana Bhavan on Saturday, former Corporation Chairman Manne Krishank leveled serious charges against the Chief Minister, claiming that the administration is being used to bolster private business interests tied to the CM's kin.
Allegations of Massive Money Laundering
In a startling claim, Krishank alleged that a staggering ₹13,000 crore of suspected black money was converted into legitimate funds through transactions linked to Medicover. He has called upon investigating agencies to scrutinize the ownership structures, shareholding patterns, and the movement of capital across various companies to uncover the truth.
Krishank specifically pointed toward several entities, alleging deep-rooted connections between the Chief Minister's family and major private players, including:
- Maxbien Pharma
- Medicover Hospitals
- Sahrudaya Healthcare
The BRS leader questioned why the financial potential of Sahrudaya Healthcare has seen such a massive surge and demanded a transparent look into the beneficial ownership and related-party transactions involving these corporations.
Questions Over Hyundai Showrooms and Geetha Automotive
The controversy extends beyond healthcare into the automotive sector. Krishank raised eyebrows over Geetha Automotive, alleging that five Hyundai showrooms were established in Hyderabad following a meeting between Chief Minister Revanth Reddy and senior Hyundai representatives in South Korea.
He further questioned the investment structure of the company, specifically mentioning an individual named Dumpa Sirisha, whom he described as an investor with interests spanning multiple companies. "Who are the real investors? Who are the beneficial owners? What is the source of the investment?" Krishank asked, insisting that only an independent financial probe could provide answers.
Public Infrastructure vs. Private Expansion
A core part of the BRS's critique involves the perceived neglect of public services. Krishank accused the Chief Minister of prioritizing the inauguration and promotion of private healthcare establishments while government hospitals and schools remain underfunded and slow to develop.
"Private businesses are expanding while public institutions are ignored," Krishank stated, suggesting a conflict of interest where the CM's office is allegedly being used to promote family-linked businesses at the expense of the state's public infrastructure.
The Challenge: An Open Debate
In a bold move to validate his claims, Krishank has issued a direct challenge to the Chief Minister's family. He has invited them to participate in a public discussion to address the allegations head-on.
"If the members of Revanth Reddy’s family come for a discussion and prove that my allegations are wrong, I will withdraw them, apologise and never speak about the Chief Minister’s family again," Krishank declared.
The BRS maintains that they are not merely making accusations but are prepared to present concrete documents, company records, and financial details to both the public and the relevant investigating authorities.