TDP accuses AP CM of looting exchequer

As part of ‘Jagananna looting guarantee’ scheme, Chief Minister Y S Jagan Mohan Reddy has been issuing guarantee letters to favour people and companies close to him ignoring the established norms for effective fiscal management, alleged TDP national spokesperson Kommareddy Pattabhiram at Tadepalli near here on Sunday.

While former Chief Minister and TDP national president N Chandrababu Naidu is a leader who gives guarantee for the future of the people of the State, Jagan is giving guarantee to loot the assets of the State, Pattabhiram told the media.

As part of the ‘Jagananna looting guarantee scheme,’ the Chief Minister is issuing guarantee letters for the contract companies and individuals of his choice to allow them to loot the State, he remarked. Finance Minister Buggana Rajendranath should answer how such letters are being issued to the companies and individuals, he said.