Fabcity -- Is it a fake city?

[Andhrawala]

Hi friends,



by recent allegations from TDP that part of FabCity(around 75Acres) had been given to a company which was not registered any where in the world by the time of sigining MOU with the AP govt. How the govt did such a blunder? is the govt had no responsibility to check whether the company is fake or real?and how much experience that it had in the corresponding area to setup a SEZ etc? how do u fell this?

[Andhrawala]

From latest information AP govt had taken the ownership of fabcity instead of SemIndia. This might be due to allegations on SemIndia. And more news is govt had given 100 acres of land to SemIndia for Rs 1 lease per annum. Means 1 acre lease is 1 paisa only.



So who have fraud organizations may contact AP govt for land lease. They will get the land rates at very cheap( for fraud organizations only. not for common man).