Overview
- K. Kavitha alleges the Telangana government plans to mortgage 1.75 lakh acres of TGIIC land after converting it into a public limited company to facilitate large-scale borrowing.
- The government has already raised ₹10,000 crore by mortgaging 400 acres at Kancha Gachibowli, according to Kavitha.
- She claims ₹1.8 lakh crore has been borrowed in the last 16 months, with ₹1 lakh crore spent on contractor payments rather than welfare initiatives.
- Kavitha accuses Chief Minister Revanth Reddy of receiving a 20% commission from contractors, amounting to ₹20,000 crore.
- She demands public disclosure of the April 15 Government Order and a detailed white paper on state debt, repayment, and expenditure.