YS Chowdary knew AP capital would come up in Amaravati, bought 623 acres of land: YSCRP
By The News Minute 16-Sep-2019
The statement said that Chowdary and his family members had bought 623.12 acres of land inside and around the capital area region skirting the land pooling zone. It said this proved the allegation that there was "insider trading" in the capital region.
The state government came out with the details after Chowdary denied allegations by state Urban Development Minister Botsa Satyanarayana that he owns huge land in Amaravati.
Chowdary, who recently quit the Telugu Desam Party (TDP) to join the BJP, on Tuesday visited some villages in Amaravati along with state BJP chief Kanna Lakshminarayana and denied that he holds any land in the capital region. He also denied that there was any insider trading.
YSRCP has alleged that then Chief Minister N. Chandrababu Naidu and those close to him resorted to 'insider trading' by buying land at throwaway prices before deciding on Amaravati as the state capital.
The government revealed that Chowdary who is locally popular as Sujana Chowdary, purchased 110.6 acres in Gudimetla village of Krishna district at Rs five lakh per acre before the announcement of Amaravati as the state capital.
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