Chief Spokesperson Dasoju Sravan said the govt has purchased private land from Sri Sai Developers at 18 Lakhs per acre for construction of Suryapet District Collectorate.
He said Jagadish Reddy holds 20 percent of share in the real estate firm owned by NRI Saidi Reddy . The surrounding land value is increased by doing plotting. Despite the availability of 250 acres of government land.
Sravan alleged that the minister, through Saidi Reddy, had purchased Kamakshi Engineering College for Rs. 8 crores.The same building was given for Collectorate on an annual rent of Rs. 80 lakh. In return, Jagadish Reddy got 20% stake in the real estate firm.