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Wednesday, September 29, 2010

KCR investments in Lanco

Suspense has broken out why KCR is fall in love with Lanco Rajagopal. TDP has alleged that KCR has invested the money collected from the Andhrites and Telangana NRIs etc invested in the 1000 MW power plant being setup in the Arunachal Pradesh by Lanco Infratech. This would cost Rs 5,000 cr with conservative estimates. Assuming 1000 cr as equity in the power plant, KCR could have invested for at least 30% stake which is Rs 300 cr.  With KTR is a normal employee in US and KCR leading the movement, how this family amassed the wealth is the million dollar question.

Gradually, TDP is unveiling the KCR history and his investments as they told in the past press meet last week.  In the coming days, they are planning to unveil investment source for the KCR investments in the Ports, Shipping, Raj News channel, Telangana paper and real estate business by KTR etc. However, KTR has challenged that if TDP proves these allegation they will give up these shares. He forget the fact that no need to hold the direct shareholding in the company, it could be through benami investors and share pledging by promoters to Benami investors like KCR.

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