True Face of Raj Gopal..Check this out guys

[Sagar1007]

The True Face of Lagadapati (Lanco) Raj Gopal

(Know the Actual Story Behind Lagadapati’s United Andhra Drama)

• His 7200 Crore illegal Lanco Hills Real Estate Project on the brink of collapse

• Cheated AP Public to the tune of 1000 Crores through Lanco Kondapalli Power

• Involved in illegal Hawala transfers. Lanco MD arrested recently with Hawala

money

• Involved in a mega insurance scam running into several Crores. Siphoned 1.53

Crores fraudulently from Basara IIT project and also from TTD Vedic University

project.

• Filed false affidavit regarding number of children during election

• Lanco is involved in litigations with almost all the state governments where it has

projects. It was thrown out of some projects for fraud.

Lagadapati Raj Gopal alias Lanco Raj Gopal is a 45 year old industrialist turned

politician known for his rabid hatred towards Telangana statehood movement. There is

some background behind his hatred towards Telangana.

Lagadapati bought 108 acres of land at Manikonda in Hyderabad from government of

AP to develop an IT SEZ. Once the government allotted him the land, he has limited the

IT SEZ, to less than 1/4th of the total land and converted this land into a real-estate

venture named Lanco Hills. Estimated at Rs. 7,200 Crores, Lanco Hills is touted as the

one of the largest real estate ventures in India.

Raj Gopal is claiming all kinds of exemptions from government under the SEZ act for his

real-estate business. He is duping the state and central governments by conducting his

business under the “LANCO Hills Technology Park Pvt. Ltd” name. The state and

central governments have already lost crores of rupees by waiving stamp duty and all

kinds of taxes for this real-estate venture.

Lanco also kept changing its company names to perpetuate this real-estate fraud.

When it began, the company was called Lanco Technologies Private Limited”, it

was subsequently changed to “Lanco Technology Park Private Limited” on June

7, 2005, to “Lanco Mantri Technology Park Private Limited” on November 24,2005

and further to “Lanco Hills Technology Park Private Limited” on July 6, 2006.

As soon as construction started at Lanco Hills, news broke out that this land

belonged to Hussain Shah Wali Dargha under Wakf Board.

Wakf Board is equivalent to the Endowments department which takes care of Hindu

Temple lands. This Muslim minority institution has thousands of acres of lands around

Hyderabad.

The Joint Parliamentary Committee appointed on Wakf land had last year found

that of 1,600 acre prime Wakf land in Manikonda, 829.35 acres were encroached

by the government, which sold the same to several companies including Lanco

Hills.

Following a writ petition, the Andhra Pradesh State high court had issued a stay in 2007

on construction at Lanco Hills. As Raj Gopal is an MP and had several connections in

the right places, he managed to get the stay evicted. He also managed to stop the Wakf

Board from approaching the Supreme Court.

Meanwhile, the real-estate bubble in Hyderabad burst and buyers started

dropping off Lanco Hills apartments like hot potatoes. When Lanco went for

public issue, it promised to build 18.5 million sq ft in Lanco Hills. As soon as

booking began, Lanco Hills had reported bookings of 4 million sq ft. In December

2008, it admitted that bookings were down to 2 million sq ft. Industry insiders say

that the current bookings are much less than even that.

Already reeling under a severe recession, the Telangana state announcement from

Chidambaram rattled Lanco Raj Gopal severely. It is almost certain that his real-estate

empire will collapse like a pack of cards if Telangana state is formed. Apart from

financial losses, Raj Gopal fears that the newly formed Telangana government will

initiate action against him for severe irregularities in the Lanco Hills project which

include evading taxes under the SEZ act.

And to stop that from happening Lagadapati is fuelling the United Andhra Pradesh

agitation by engineering resignations of MLAs and MPs and also providing monetary

support to the agitations in Coastal Andhra.

Richest Politician in Andhra Pradesh

Lagadapati is the richest politician in Andhra Pradesh. He declared assets worth Rs.

299 Crores in the recent election leaving behind Ex chief ministers Chandra Babu Naidu

and Late Y S Rajasekhar Reddy.

This perhaps explains why he could engineer such mass resignations in Andhra region.

Hawala King

In March 2007, the then Managing Director of Lanco Infratech, G Venkatesh Babu

was caught at the Hyderabad Airport with unaccounted money of about Rs. 34

Lakhs. During interrogation, Babu confessed that the money belonged to Lanco. And

immediately Lagadapati Raj Gopal swung into action and pulled all the ‘right’ strings to

get his man and his company out of this tangle. So powerful were Raj Gopal’s contacts

that the income tax department, while reporting this cash seizure, did not even release

the name of the company to which Venkatesh Babu belonged to. The IT department’s

official statement read “managing director of a power development and infrastructure

company” was caught.

Babu later changed his version and said that this money does not belong to Lanco but

is his personal money. Media reported that this money is hawala money belonging

to Lanco and is being used to pay kickbacks.

False Affidavit in Elections

A writ petition is filed in the Andhra Pradesh High Court challenging his election to the

Lok Sabha from Vijayawada. The petition said that Lagadapati did not give information

about his third son, which was mentioned in the affidavit submitted by him at the time of

filing nomination. According to the petition Lagadapat had claimed he has two sons

during 2004 elections and three sons during the 2009 elections. However, there was no

mention of this third son in Lagadapati’s election affidavit and hence his election in

invalid, the petition said.

Insurance Fraud

Lanco Infratech is under probe for reworking insurance deals to claim crores of

rupees as reimbursement from state government corporations.

The company, which handles mega construction projects for the state government,

including the AP Health and Medical Housing and Infrastructure Development

Corporation (APHMHIDC), renegotiated premium amounts with insurance companies

and pocketed huge refunds. Even Lord Balaji was not spared as one of the Lanco

projects now under the scanner relates to the construction of the Vedic

University of the Tirumala-Tirupati Devasthanam, sources said.

The premium reimbursements related to the CAR (contractor all-risk) policies that Lanco

Infratech had to take for each project as per the tender rules. Under the CAR norms, the

contractor company, Lanco Infratech in this instance, would have to insure the entire

project and claim reimbursement of premium from the principals, mostly government

companies and TTD in one case.

Lanco Infratech would first negotiate the policy with an insurer and pay up the premium.

It would get the premium refunded from the contracting principal. Thereafter it would go

back to the insurer to renegotiate the premium, saying it had got a lower quote from a

competitor company. The insurer agreed to lower the premium and refunded the

balance, which Lanco Infratech would not report to the principal and simply pocketed.

The government companies have suffered huge losses by paying up higher premiums

and this has been going on at least from 2007.

The construction of an integrated educational complex for the Indian Institute of

Information Technology (IIIT) at Basar in Adilabad district is a classic case. Lanco

had bought insurance cover with the New India Assurance, Basheerbagh, for

payment of Rs 1,89,60,000 as premium.

After getting it refunded by the principal, APHMHIDC, Lanco Infratech went back

to the insurer to renegotiate a steep drop in the premium. That deal through

policy no: 610200/44/08/03/600 00027 yielded Lanco Infratech a refund of Rs 1.53

crore and the government corporation was in the dark.

The projects for medical colleges in Ongole and Srikakulam had yielded premium

refunds of Rs 17 lakh and Rs 11 lakh respectively.

“Our vigilance officials are probing irregularities,” said the chairman and managing

director G. Srinivasan of the United India Insurance Co. Ltd, acknowledging the Lanco

scam. UIIC investigators are now busy checking whether some of their own executives

had colluded with Lanco Infratech. A few other insurance majors figure in the list of

insurers that Lanco had used in its fruitful project deals.

Lanco Sasan Controversy

In July 2007, the Empowered Group of Ministers (EGoM) cancelled the bid of Lanco

consortium for the 4,000 MW ultra mega power project in Sasan, Madhya Pradesh. The

Lanco Group is alleged to have violated norms by quoting the financial and technical

strength of its foreign partner's parent company at the time of bidding.

Vizhinjam International Transhipment Terminal Port Controversy

Lanco was awarded the Rs.5,300-crore project on build-operate-transfer basis in May

2008 through global tender. Zoom Developers, the only other bidder other than Lanco

was disqualified on technical grounds. Zoom went to court challenging its

disqualification during the appraisal of its technical bid.

The case moved from the Kerala High Court to the Supreme Court. After much

litigation, Lanco decided to pull out from this project.

Power Politics

Lanco is perhaps the number one company when it comes to litigations and

controversies. Almost all its power projects are mired in controversies. Let us examine

some of these cases state-by-state

Andhra Pradesh:

The then Chandra Babu Naidu government entered into faulty Power Purchase

Agreements (PPAs) with Lanco Kondapalli Power which resulted in excessive payments

to the tune of 586 Crores between 2001 and 2006. Andhra Pradesh Transmission

Corporation has levied liquidated damages of Rs 95.16 Crores for delay in achieving

commercial production.

According to conservative estimates, Lanco Kondaplli Power Project benefitted to the

tune of Rs. 1000 Crores from the faulty Power Purchase Agreements of AP state

government.

Punjab:

Lanco bidded for 1320 MW Rajpura thermal plant in Punjab, but the PSEB Engineers

Association has d said that the bid is very high and should be re-invited. The PSEB

Engineers Association in its letter to Punjab Chief Minister had pointed out that the poor

track record of Lanco in executing projects. Lanco has quoted Rs.1.829 per unit as fixed

charges where as Sterlite had quoted Rs.1.20 per unit for Talwandi Sabo project in

Punjab.

Haryana:

The former Finance Minister of Haryana Sampat Sing said in 2008 February that the

Lanco Amarkantak Thermal Project project was full of loopholes and allegedly smacked

of corruption and favouritism. He said the state government would purchase electricity

at the landed cost of Rs 2.75 per unit under this deal, whereas from the Sasan project of

MP, it would get electricity at the rate of Rs 1.19 per unit. This big difference showed

that there was corruption in the deal, he alleged.

[mettastar]

KCR gadi true face ki okka maata chalu

ammailani dubai ki ammindani vadi mama M.satyanarayana cheppindu

[kingmakers]

KCR gadi true face ki okka maata chalu

ammailani dubai ki ammindani vadi mama M.satyanarayana cheppindu

you rock you rock

[V r 1]

donga passports case kuda vundhi mama. veedi meedha

[bangarubullodu]

Hospital bathroom lo perugannam thinnanduku kCR donganay*lu ki 50 Rs fine veyyali jilla magistrate court lo

[manmada83]

inta FRAUD naa koduku ni ekkada choodaledu....thanks mama inta valuable info cheppinanduku....donga ***** koduku....KING OF FRAUD ani title icheste perfect ga set avutadi......thu veedi brathuku...inni paisal vunna inkaaaa dochukundamani aasa....

[sudigaali]

evadu tinaledhu politicians.....vaalalo veedu okadu...lite.. cheers12w

[mettastar]

yevadiki ledu aasaa YS Jagan gadini chudandi entha thengesadoo

andaru andare

[Sagar1007]

KCR gadi true face ki okka maata chalu

ammailani dubai ki ammindani vadi mama M.satyanarayana cheppindu

Im not talking about KCR here..

em chepina vadi meedha padutaru endi..

nyway..im not supporting KCR..

so there is no difference between raj gopal and KCR..both are cheaters.

#

[mettastar]

Im not talking about KCR here..

em chepina vadi meedha padutaru endi..

nyway..im not supporting KCR..

so there is no difference between raj gopal and KCR..both are cheaters.

#

KCR gadu cheap na koduku  porilani dubai ki ammindanta boku saley gadu

mama not only rajgopal reliance vallavi enni frauds levu mari itla

[manmada83]

Im not talking about KCR here..

em chepina vadi meedha padutaru endi..

nyway..im not supporting KCR..

so there is no difference between raj gopal and KCR..both are cheaters.

#

dude...veellaki aaa KCR mania/phobia pattindi...vaadiki TELANGANA ki link ledu ra babu anteeee vinaleni position lo vunnaru veellu...inka konni days aithe KCR ane word tappa anni marchipotaaru veellu....

TELUSU kondi ra babu...aaa KCR gaadante TELANGANA lo evvariki istam ledu and remember TELANGA emerged from people not from KCR...better keep this in mind before mentioning that stupid's name

[krsna]

mama sagar..... adi 200% fact ra...

inthaganam hungama chesthunna Lagadapati Chekka gadiki loss avthadi full ga... YSR chekka mukka Jagan gadiki  loss..... ilanti Real estate saley gallaki loss untadi thappa Andhra,Rayalaseema lo unna peda vadiki evvadiki nashtam ledu....

vadi venta unna politicians ,vadu vese biksham kosam chusthunnaru......

Chiranjeevi ni vadiledi ledu mama  warningnf

arey google dude ga... Ganesh ga.... meru chiru fans kada...

meru entha pedda fans naku telvadugani...  vadikosam rakthaalu kaarchinam ra mem... balayya fans tho fight lo.... intermediate residential colg lo unapudu.... vadi movies ki poola dandalu.... colg bunks.... maa telangana lo mem aadarinche antha me daggara antha scene ledu ra... Ma daggara 99% vadi fans e ra.... to be frank asalu balayya fans leru ra....

chekka nagarjuna ki asalu ammayilu thappa okka mogodu fan ledu ra....

Good Samaritan is from Telangana i guess... vadini adagandi... Telangana lo KVP siro gadini mem entha aadaristhamo.....

KVP gadu kuda anthe..... ika waste muchata..... veellu antha okkate....

KVP siro Down Down...

lafoot Siro  Down Down

Jai Hind

Jai Telangana

[sid_22]

Em anna migata politicians andaru innocent annukuntunava???? Andaru Corrupt yee.......

HAHAHAHA.... Atleast Lagadapati gaadu chesedi emaina konchem rich gaa chestadu..............

Emma KCR gaadu emaina takkuva tinnada...... Edava chilla la%ja koduku vaadu ni....

eee Gadda mukkodite ekkanga brothal house laki and Dubailaki amaila ni supply chese anta langar saale gaadu veedu....... Edava Chippa batuku veedidi.....

[V r 1]

dude...veellaki aaa KCR mania/phobia pattindi...vaadiki TELANGANA ki link ledu ra babu anteeee vinaleni position lo vunnaru veellu...inka konni days aithe KCR ane word tappa anni marchipotaaru veellu....

TELUSU kondi ra babu...aaa KCR gaadante TELANGANA lo evvariki istam ledu and remember TELANGA emerged from people not from KCR...better keep this in mind before mentioning that stupid's name

maa kante nuvve KCR gadini yekkuva talachukuntu vunnattau vunnavu  dance1w dance1w dance1w dance1w

[CrazyIndians]

all are like that... including me... just blaming on others for all the mess they made...  # # #