Hyderabad: BRS working president K.T. Rama Rao alleged that Chief Minister A. Revanth Reddy diverted thousands of crores of public funds to a benami firm and demanded an immediate investigation into KLSR contracts.
Addressing a press conference at Telangana Bhavan, KTR claimed that KLSR, a company under insolvency proceedings, had functioned for years as a front entity linked to the Chief Minister. He said he possessed documentary evidence to support the allegation.
According to KTR, enforcement agencies had already raided the company in 2018 when Revanth Reddy served as the Pradesh Congress Committee president. Despite insolvency proceedings before the National Company Law Tribunal, he alleged that the firm secured major government contracts after Revanth Reddy assumed office.
KTR further claimed that these links were widely known in political and official circles. He alleged that the government continued to facilitate transactions involving the firm despite pending legal scrutiny.
KLSR contracts must be cancelled, says KTR
The BRS leader said the Supreme Court had issued notices to the Telangana government over continued dealings involving KLSR. He added that the court sought clarification on alleged attempts to influence judicial processes connected to the firm’s finances.
KTR accused the Chief Minister of announcing a Special Investigation Team during a Davos visit to divert public attention. He described the move as a political distraction aimed at deflecting scrutiny.
Demanding action, KTR urged the government to cancel all KLSR contracts awarded without eligibility and to blacklist the firm immediately. He also called for a freeze on all operations linked to the company until the investigation concluded.
In addition, he appealed to Union Minister G. Kishan Reddy to push for a neutral inquiry. He said the Centre must support a probe if it was not shielding the Chief Minister.
KTR alleged that the case involved corruption, abuse of office and suspected money laundering. He reiterated that the firm’s activities should stop until authorities completed a full investigation.
రేవంత్ బినామీ కంపెనీ KLSR లో
తీవ్రమైన అవకతవకలు, ఆర్ధిక కుంభకోణం,
క్రిమినల్ కుట్ర, అధికార దుర్వినియోగం,
మనీలాండరింగ్ మీద రేవంత్ రెడ్డి పాత్రపై
సీబీఐ, ఈడీ వెంటనే విచారణ చేయాలని డిమాండ్ చేస్తున్నాం!– బీఆర్ఎస్ వర్కింగ్ ప్రెసిడెంట్ @KTRBRS🔥 pic.twitter.com/RIHGCVGOFP
— BRS Party (@BRSparty) February 4, 2026
