Uploaded on Oct 22, 2020
The former CM of Andhra Pradesh and the one who is 420 in AP gifted away valuable land of Rs 905 crores to Lulu Group, which a business conglomerate based in the UAE that was interested in investing in the sector of hospitality.
Lulu encroaches 12.52 acres of land in Vizag
Lulu encroaches 12.52 acres of land in Vizag
Who is 420 in AP
https://420inap.com/
Introduction
The former CM of Andhra Pradesh and the one who is 420 in AP
gifted away valuable land of Rs 905 crores to Lulu Group, which a
business conglomerate based in the UAE that was interested in
investing in the sector of hospitality. The UAE group approached the
AP government and proposed a plan for the fabrication of a five-star
rated hotel, along with a shopping mall and convention hall in the
prime location of Vishakapatnam.
Typically, the government should allocate backward regions that
require invigoration, and with such projects, it is attainable. But, in
this case, Mr. Naidu’s government prime land, which was already in
demand. This shows how the government was corrupted and
involved with a private organization to steal the money of the state.
Continue reading to know the details.
• https://420inap.com/
How AP government favored Lulu?
A cabinet meeting was conducted in which the former
CM –the one who is 420 in AP personally resided; a
decision was made to hand over 12.52 acres of
prominent land towards the forefront of RK Beach to the
UAE-based business –Lulu. And the shocking part is
such a valuable land was handed over to the private
project at a nominal value of no more than Rs. 50 lakhs.
The land originally belonged to APIIC (AP Industrial
Infrastructure Corporation) and was of value Rs. 905
crores.
https://420inap.com/
The Wheeling and Dealing
done by former CM
Initially, the Lulu project group from UAE made
propositions of establishing a five-star hotel with a
convention hall and mall over the area of 9.12 acres and
had a budget of Rs. 750 crores. Before initiating the
project, the former CM personally visited the already-
built project by the Lulu group in Kochi, and then
Chandrababu Naidu conducted negotiations with the
business.
https://420inap.com/
Conclusion
After Babu made negotiations with Lulu Group, he
decided to have a talk with the CMR group and acquire
more 3.40 acres of land from them and then hand it over
to the UAE-based business. This suggests that the CM
was personally interested in the matters as he would
benefit from the transactions done by Lulu Group. Also,
this shows that the one who is 420 in AP was more
interested in conducting businesses than taking care of
his state –AP.
THANK YOU
CONTACT US
https://420inap.com/
Comments