Teserect Advanced Systems Land Deal Sparks Investigation Call

Rama Rao raised serious doubts about how Teserect Advanced Systems, a company with a nominal paid‑up capital of Rs 1 lakh and no staff, could be allotted a valuable land parcel without any transparent process. He highlighted that the allocation price—Rs 7 crore for a plot worth around Rs 200 crore—defies basic financial logic. Rama Rao also challenged the claim made by Minister D. Shri Dhar Babu that Anumula Kondal Reddy had no ties to Teserect, pointing to the latter’s LinkedIn profile that lists him as chairman of a US‑India strategic partnership forum. The BRS chief announced that a formal complaint would be filed with the Telangana governor and, if necessary, escalated to the Lokayukta and courts, insisting that the investigation continue until the full truth emerges.