Modugula Venugopala Reddy

Who is Modugula Venugopala Reddy?

Modugula Venugopala Reddy is an Indian politician, belonging to Telugu Desam Party. In the 2009 election he was elected to the Lok Sabha from the Narasaraopet constituency in Andhra Pradesh.

The Central Bureau of Investigation, in an investigation running into thousands of pages, cites the case of Ramky Infrastructures Ltd. Ayodhya Rami Reddy, the promoter of Ramky Group, invested Rs 10 crore in Jagan’s company Jagati Publications Pvt Ltd. In an alleged quid pro quo, Ramky got SEZ land at Visakhapatnam “along with various irrigation projects,’’ according to the CBI.

Ayodhya Rami Reddy is the brother of TDP MP Modugula Venugopala Reddy, who also has stakes in Ramky. Modugula Venugopala Reddy escaped criminal charges because he relinquished all posts just before he became MP and made Ayodhya Rami Reddy the promoter of Ramky. CBI has booked Ayodhya Rami Reddy along with Jagan Mohan Reddy in this case.

Official documents available with Firstpost reveal that Modugula’s Ramky has two major irrigation projects in Telangana. One Pranahita-Chevella Sujala Sravanthi project is worth Rs 229 crore located in Adilabad district. Ramky, in a joint venture, was also allotted Jyotiraopule Dummudgudem-Nagarjuna Sagar project worth Rs 2536 crore in the Telangana region.