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Former A.P. Assembly Speaker Kodela Siva Prasada Rao Commits suicide

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Hyderabad: Senior Telugu Desam Party leader and former speaker of Andhra Pradesh Assembly Kodela Siva Prasada Rao was declared dead at a hospital in Hyderabad on Monday amid speculation that he committed suicide. He was 72.

Mystery appeared to shroud the death of Rao as the exact cause of death was not immediately known and a senior police official told PTI that the matter is being investigated.

TDP politburo member Ravula Chandrasekhar Reddy said Rao was reportedly brought to the Basavatarakam Cancer hospital by his staff. Rao, a medical doctor, has been a director of the Basavatarakam Cancer hospital.

 

Reddy said he and other TDP leaders visited the hospital after coming to know about the former Andhra speaker’s death. Rao’s daughter, who was present at the hospital, was in a state of shock, and they could not ask her what had happened, Reddy said.

Police investigation was on into the matter, he added.

Rao, who lost the Assembly elections in May this year from Sattenapalli in Guntur district, was the speaker of the Assembly during 2014–19. He was elected to the Assembly from Guntur district on six occasions.

He had been a member of the TDP since its inception and held key portfolios including home, major irrigation, panchayat raj, rural development and health, in the governments of TDP founder late N. T. Rama Rao and incumbent TDP chief N. Chandrababu Naidu.

Telangana chief minister K. Chandrasekhar Rao, state BJP chief K. Laxman and several other leaders condoled the senior TDP leader’s death.

Former Andhra Pradesh Chief Minister and Telegu Desam Party (TDP) chief N Chandrababu Naidu has demanded a CBI probe in the apparent suicide of former Andhra Speaker and senior leader of TDP Kodela Siva Prasad Rao.

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Hyderabad based GVK Group reportedly under government scanner

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Mumbai: The GVK Group, which is in locked in a legal battle with the Adani Group on stake sale in its flagship Mumbai International Airport (MIAL), on Tuesday said it has received a notice from the corporate affairs ministry (MCA), seeking some details about the airport operator.

This comes at a time when the Hyderabad-based diversified GVK Power & Infrastructure Limited, which owns 50.5 percent stake in the MIAL, is in the process of hiking its stake in the airport arm by acquiring 23.5 per cent additional stake from Bidvest and ACSA.

The MCA notice, according to sources, is based on a whistleblower complaint to MCA with regard to alleged ‘diversion of funds’ from some of the GVK Group companies.

MCA has initiated an inspection of the books of 11 entities, which include GVK Power & Infrastructure, Mumbai International Airport, GVK Jaipur Expressway Pvt and GVK Power. It has also ordered an inspection of the books of Navi Mumbai International Airport Pvt – the under construction airport at Navi Mumbai.

These companies are located in different jurisdictions — Hyderabad, Bengaluru, Rajasthan and Mumbai — of the Registrar of Companies and MCA has sent a physical inspection letter to each of these companies, sources said.

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