How govt of india killed telugu corporations

[Telugodura456]

Heard these companies :

"GVK, GMR, Lanco, Madhucon, NCC, Nagarjuna Fertilisers, Navayuga, Soma Enterprise, Progressive Constructions, Sujana, IVRCL, Ramky Infra, SEW Infra, Transstroy, Sri City and Gangavaram Port".

These companies literally built modern india in decade 2000-10 - some of the best public infra - delhi airports, hyd airport, bang airport, mumbai airport, largest shipping ports like krishnapatnam.. They are now mostly irrelevant corporates now. In 2008 almost 8 out of 10 top corporate construction companies were owned by telugu people. Later govt of india broke the state in to two and eliminated ownership of companies one by one.

GVK built mumbai airport and Adani wanted Mumbai airport from GVK. GVK did not want to sell their prime asset. Search-and-seizure raids were conducted on the GVK group by ED  and they capitulated.

see here : https://www.livemint.com/companies/news/ed-raids-multiple-premises-in-money-laundering-case-against-gvk-group-mial-11595918444000.html 

In two months Adani bought the airport. Now he wants GMR airports too.

Adani gaadu bought up krishnapatnam port too https://www.outlookindia.com/newsscroll/adanis-snap-up-75pc-in-krishnapatnam-port-for-rs-5625-cr-in-allcash-deal/1700020

One by one built by hard working telugu businessmen of all castes of all orientations is taken by govt of india lackeys. The telugu businessmen converted barren land in to gleaming infrastrcuture only to be threatened later with ED, CBI and taken over by Adani.

[PilliBeta]

Jai Telangana

[Telugodura456]

1 minute ago, PilliBeta said:

Jai Telangana

No - it was govt of india which killed them. not telangana.

[ZoomNaidu]

[Undavalli]

https://economictimes.indiatimes.com/news/politics-and-nation/mumbai-airport-money-laundering-scam-ed-carries-out-searches-in-mumbai-hyderabad/articleshow/77214505.cms

 

Mumbai Airport scam: GVK Group chairman, son booked by CBI for siphoning off Rs 705 cr

[ZoomNaidu]

(.)(.)

[Ryzen_renoir]

Transtroy and sujana are fake companies don't include them in the list they didn't create .

Sri city inka founders chettilo undi , well as of now anyway . Might not be surprised if some Adani or aggraval takes it over 

[Undavalli]

 

Probing further into the alleged financial irregularities involving GMR Group-led Delhi International Airport Pvt Ltd (DIAL), the Central Bureau of Investigation (CBI) has asked the Civil Aviation Ministry to provide all the files related to airport firm at the 'earliest'.May 13, 2019

 

https://www.business-standard.com/article/news-ians/cbi-asks-for-dial-papers-in-alleged-scam-119051301144_1.html

[Undavalli]

DIAL Scam

From Wikipedia, the free encyclopedia

 

 

 

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DIAL Scam, also called Delhi Airport Land Scam, Airport Scam and the IGI Scam is a title popularly used in the media to refer to the irregularities pointed out in a report titled Implementation of Public – Private Partnership at Indira Gandhi International Airport, Delhi tabled on 17 August 2012 by the Comptroller and Auditor General of India (CAG). According to this report, 1.63 Lakh Crore (approx $29.4 billion) was lost by the exchequer due to a deal entered between the Airports Authority of India and DIAL (Delhi International Airport Limited) for the lease of land.^[1]

Details

DIAL is a consortium led by GMR (with 54% ownership), Germany's Fraport AG and Malaysia Airport Holdings. According to the report 4800 acres (approx 19 square kilometers) of land of a brownfield airport (i.e. an existing airport^[2] were allotted to DIAL of which 240 acres (approx 971,245 square meters) could be developed commercially at Rs. 100 ($1.8) every year.

The report states that the land has an earnings potential of 1.63 lakh crores (approx $29.4 billion) which was assigned to the consortium against an equity contribution of 2,450 crores (approx. $442.7 million). The report also criticizes the development fees charged to passengers of the Delhi Airport who have to pay between Rs. 400 ($7.2) and Rs. 2600 ($46.85) depending on whether they are travelling on a domestic or international flight, as this charge was not a part of the original contract. According to the report this fee gives DIAL an advantage of Rs. 3,415 crores (approx $617 million),^[3] and should have been approved by the ministry and then mentioned initially to all parties bidding for the deal. The report also mentions that DIAL carried out construction on 553,887 square meters of land while it was allotted only 470,179 square meters in the major Development Plan (MDP) which led to an increase of the projected cost by 43%.

The DIAL in its defense has stated that the amount mentioned is the simply the amount of revenue due to DIAL and does not represent actual revenues; it does not consider the time value of money and it does not mention that 46% of this revenue is due to the Airports Authority of India. The DIAL also states that the entire land allotted to it for commercial use cannot be used immediately and would have to be developed in the future and hence, the revenue earned from the one acre (approx 4046 square meters) currently in use cannot be applied to the entire parcel of land. Further more, DIAL points out that the commercial usage of land was always a part of the agreement and was not given to it as preferential treatment, and that the parceling of this land has saved the government a lot of money in stamp duties.

[PilliBeta]

3 minutes ago, ZoomNaidu said:

(.)(.)

Good post

[Telugodura456]

Yes - Adani now wants Delhi airport also. So GMR is targeted. GVK is done.

[NiranjanGaaru]

How is GMR still relevant

Same with NCC

Bcoz they follow some ethics

If you follow them no agency will touch you

Ayina 2004-14 varaku congi gallaki telugu stated nunchi more than 30+ icharu em pikaru, not even helped single industrialist, sounds surprising

[Undavalli]

Navayuga Engineering Company Limited, which ..
 

Read more at:
http://timesofindia.indiatimes.com/articleshow/70505154.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

https://timesofindia.indiatimes.com/city/hyderabad/navayuga-in-trouble-for-fake-gst-invoices/articleshow/70505154.cms

 

 

[NiranjanGaaru]

3 minutes ago, Undavalli said:

 

Probing further into the alleged financial irregularities involving GMR Group-led Delhi International Airport Pvt Ltd (DIAL), the Central Bureau of Investigation (CBI) has asked the Civil Aviation Ministry to provide all the files related to airport firm at the 'earliest'.May 13, 2019

 

https://www.business-standard.com/article/news-ians/cbi-asks-for-dial-papers-in-alleged-scam-119051301144_1.html

Not a solid case to investigate

Based on speculations entirely

[Telugodura456]

Just now, NiranjanGaaru said:

How is GMR still relevant

Same with NCC

Bcoz they follow some ethics

If you follow them no agency will touch you

Ayina 2004-14 varaku congi gallaki telugu stated nunchi more than 30+ icharu em pikaru, not even helped single industrialist, sounds surprising

Abbo ethics Adani and Ambani nunchi nerchukovalu. Eee dikkumaalina third world country ki ethics anta.

 

Can you tell me why actual builders are called ethicless but sneaky acquireres from behind are celebrated as heroes.