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The Hindu
The Hindu
National
The Hindu Bureau

TDP alleges huge scam in issue of TDR bonds in Tirupati

The Telugu Desam Party (TDP) has accused the ruling party leaders of alleged involvement in a huge scam in the issue of Transferable Development Rights (TDR) bonds by the Municipal Corporation of Tirupati (MCT) in the garb of developing eighteen master plan roads.

Addressing a media conference here on February 20, the party’s State spokesperson Anam Venkataramana Reddy alleged that the MCT had issued TDR bonds with inflated values by projecting residential localities and agricultural lands as ‘commercial’, besides issuing bonds to fake GPA holders. In the same vein, he charged the bureaucracy of remaining a mute spectator in the entire issue.

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