Nara Lokesh to be Booked in Frankling Templetion Scam

Vastavam web: Former IT minister Nara Lokesh, who is also the son of TDP chief, former AP CM N Chandrababu Naidu is all set to be booked in Franklin Templetion and Fintech valley scams.

Nara Lokesh is facing charges of resorting to huge irregularties in allotment of land to Frankling Templetion in Vizag besides siphoning off public funds in the name of setting up Fintech Valley in Vizag, while he was IT minister in his father Chandrababu Naidu’s cabinet till last month. AP CM Jaganmohan Reddy has already constituted a cabinet sub committee to probe the irregularities and scams of previous TDP government.

Officials are learnt to have gathered solid proofs on how Lokesh flouted all the norms and allotted excess land to Franklin Templeton ignoring the report given by then Chief Secretary. Lokesh is facing allegations of bringing pressure on officials to allot 40 acres to Franklin Templeton while the CS recommended just about 20 acres. Lokesh is alleged to have made crores of rupees from this excess land allotment and caused loss to state exchequer.

If proved, Lokesh has to face the jail for causing loss to state exchequer, misuse of his official position for his personal benefits.