Singareni Collieries Looted: Kishan Reddy Demands Probe into BRS Mismanagement

Union Minister G Kishan Reddy has accused the previous BRS regime of financially wrecking Singareni Collieries in Telangana and demanded an investigation. He alleges that the company's debts resulted from improper administration under former Chief Minister K Chandrasekhar Rao. Reddy also called for a judicial inquiry into the matter.


PTI | Hyderabad | Updated: 22-06-2024 20:17 IST | Created: 22-06-2024 20:17 IST
Singareni Collieries Looted: Kishan Reddy Demands Probe into BRS Mismanagement
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Union Minister G Kishan Reddy has issued a scathing critique of the former BRS regime, accusing it of financially debilitating the state-run Singareni Collieries in Telangana. In a recent press conference, Reddy demanded an inquiry into the alleged mismanagement that occurred under the tenure of former Chief Minister K Chandrasekhar Rao.

Reddy highlighted that Singareni Collieries had significant bank deposits when BRS came to power but now finds itself in debt, attributing this financial downturn to 'arrogant, irregular and disorderly administration.' He further accused BRS leaders of misusing company resources for personal gain.

The minister urged the current Congress government to conduct a comprehensive investigation and judicial inquiry into the financial activities of Singareni Collieries during the last decade. He emphasized that the NDA government is committed to protecting Singareni workers' interests and auctioning coal mines transparently.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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