The previous Chandrababu Naidu government allotted one acre and a half to Amoda Publications in Visakhapatnam city. Andhra Jyothi Managing Director Radhakrishna has not taken up any constructions in this land till now. This prime land is now worth Rs. 40 cr in open market. The Jagan Reddy government has cancelled this land allotment on the plea that there is no public interest in this. Information and Public Relations Minister Perni Nani has announced this already.
The Minister accused the previous TDP Regime of handing over the costly land at just Rs. 50 lakh. The latest decision has given a rude shock to ABN. Already, the YCP government has stopped all kinds of advertisements to Andhra Jyothi ever since it came to power.
On its part, Andhra Jyothi condemned the AP Cabinet decision. It said that the so called land was allotted to it as a compensation for the land taken from it under road widening. The alternative land towards compensation was allotted at Paradesipalem by the then District Collector. Andhra Jyothi is all set to begin a legal struggle against Jagan Circar.