The ₹1,000-crore MoU still needs a document
KTR has alleged that Revanth Reddy’s brothers were linked to investment agreements and the Raviryala land allotment. The government denies the Tesseract connection. The paperwork remains offstage.
The alleged agreement remains on record; the underlying paperwork has not been produced.
BRS working president K.T. Rama Rao has alleged that Chief Minister A. Revanth Reddy brought investments by entering agreements involving his brothers, including claims of ₹1,000 crore linked to Anumula Jagadishwar Reddy and ₹250 crore linked to Anumula Kondal Reddy. The figures are KTR’s allegations, not established investments or benefits. [1]
A separate dispute concerns five acres at Raviryala allotted to Tesseract Advanced Systems. IT and Industries Minister D. Sridhar Babu said the company had “no connection whatsoever” with Kondal Reddy and that the allotment was approved by the Consultative Committee on Electronics System Design & Manufacturing. The government has stated the price was ₹1.50 crore per acre, or ₹7.5 crore in total; BRS has cited different figures and higher valuations. [2][3]
The 2024 US visit produced the government’s announced tally of 19 MoUs worth ₹31,500 crore and 30,750 planned jobs, but the official release does not identify Swachh Bio or either brother. The proposed 2026 US visit, meanwhile, was denied political clearance and did not happen. So the allegation is on record. The documents needed to prove it are not.