Swiss Challenge, A Burden On AP Coffers: IYR Krishna Rao

Vijayawada: Former Andhra Pradesh Chief Secretary IYR Krishna Rao took a broadside at AP Chief Minister N Chandrababu Naidu again. The retired IAS official said he wrote a letter to the CM strongly objecting to the Swiss Challenge policy adopted for the construction of new capital in Amaravathi.

All the agreements entered with Singapore companies under the Swiss Challenge for the construction of the capital was against the interests of Andhra Pradesh people, he warned the government of huge financial burden if the agreement is enforced.

He alleged that the companies flouted the standard norms in the Swiss Challenge during entering agreements with the government. The Naidu's government also roped in some fake Singapore companies. Rao quoted some international media reports as saying some Singapore has been a safe heaven to convert black money into white from India.