YSR’s land allotments cost AP Rs 1 lakh crore
The Comptroller and Auditor General (CAG) has concluded that the Andhra Pradesh government allocated thousands of acres of government land to private individuals on an ad hoc and arbitrary manner without safeguarding the interests of the state. The CAG report for the year ending March 31, 2011, was tabled in the assembly on Thursday.
A total of 88,500 acres of land was allotted in this manner to private parties, depriving the state revenue of nearly Rs 1 lakh crore. Among the irregularities established by the CAG were those pertaining to Vanpic, Obulapuram Mining Company and Aurobindo Pharma.
During 2006-11, the state government allotted 88,492 acres of land to 1,027 beneficiaries. Most of the allotments were made during the tenure of Y S Rajasekhara Reddy as the CM.