International Level Scam

• Huge corruption behind Swiss Challenge system
• Real estate business with farmers’ lands
• Secret robbery with the help of Singaporean companies

Amaravathi: TDP Government is robbing as much as possible under the mask of capital city construction. Amaravthi is a capital city of international standards, just for the namesake. The scams happening in its backdrop are, in fact, of international standard. The agreement that took place between the consortium of Singaporean companies and the state Government regarding the start up area project planned in 1,691 acres of valuable land is the crucial point of this scam. Altering the regulations in order to pick the companies of their choice and planning to make the whole business run in the hands of one management company are just some of the conspiracies involved.

Real estate business with farmers’ lands

This is the real estate business planned to be carried out with zero expenditure and farmers’ lands. Although it is the centre of the capital, no construction will happen there. None of the primary structures like assembly or secretariat will be there. The land will just be levelled and sold as plots. If core capital area is developed, the lands of benamis of Government leaders surrounding the area will have their value hiked. The state Government will spend Rs.5,500 crore for basic infrastructure in core capital. Rs.221.9 crore more will be spent on behalf of CCDMCL. Singaporean companies that have not invested anything will have 58% share while the state Government that is spending Rs. 5,721.9 crore will have just 42% of share. Is this not robbery? 

Crores of rupees of profit with zero expenditure

The Government will not intervene even if Singaporean companies sell the lands at its will. Layouts will be planned in 1691 acres and the plots will be sold to third parties. For example, if the marketing company sells an acre of land for Rs.10 crore, R.4 crore basic amount of the total price will be paid. The company will deduct the expenditure put for marketing, publicity and other expenses. Then the rest of the amount will be shared among themselves. This means, Singaporean companies are spending nothing but earning through real estate business.

Deception with sealed cover

The state Government decided Rs.4 crore as basic cost per acre of land in seed capital area of 1,691 acre area. Nobody know how much Singaporean companies are paying extra for this basic cost, because the quotation is sealed secretly in a cover, to prevent other international companies from offering their quotations. The sealing off of quotation itself is a huge deception. A case is in the High Court regarding this sealed cover.

Management company for marketing

Although the consortium of Singaporean companies and Capital Development Management and Corporation (CCDMC) are together in Amaravathi Development Partner (ADP), the decision power lies with the consortium. A management company is going to be appointed to take care of the implementation of Swiss Challenge system, management, development, marketing, operations, conduction of assets and publicity regarding layouts. The estimated expenditure for all these also has been mentioned in the proposal. After all these calculations, Singaporean companies will enjoy 58% of the profits and state Government will be left with 42%. The management company also will take good amount of fees.

Compromise with Singaporean companies

The state Government had to give details of Swiss challenge out, after the High Court cautioned it against the secrecy being maintained. The CRDA’s explanation proves that the CM entered into compromise with Singaporean companies. CRDA revealed that the state Government had agreed to appoint the company proposed by the consortium as master developer of the seed capital, right in the beginning. The consortium gave a proposal to the Government regarding the same, which were presented as ‘Sumoto proposal’ by the state Government.