KTR addresses media in Hyderabad.
Hyderabad: Bharat Rashtra Samithi (BRS) Working President KT Rama Rao (KTR) on Tuesday, August 11, alleged irregularities in a land deal between the state government and the defence startup Tesseract Advanced Systems Pvt Ltd.
Addressing the media in Hyderabad, he questioned how the land, worth Rs 200 crore, was allotted to the firm for Rs 7 crore. The former Telangana minister accused the company of having a paid-up capital of Rs 1 lakh, claiming that it had no employees at the time of land allotment.
He questioned the financial credentials of Tesseract and sought clarity on the role of A Kondal Reddy, who he claimed was presented as the company’s chairman and represented it at official meetings.
“If Kondal Reddy has no connection with Tesseract, why was he presented as its chairman, and why did he represent the company at meetings? “KTR asked, while also questioning the basis for the alleged gap between the market value of the land and the amount paid for it.
The Sircilla MLA sought an inquiry into the role of Chief Minister A Revanth Reddy and other ministers in the allotment process.
KTR said that the party would approach the governor and Lokayukta, along with exploring legal options against the allotment. “Government land should not be treated as private property,” he said.
This post was last modified on August 11, 2026 4:12 pm