Special Correspondent

  • Seeks an inquiry into sale of machinery as well
  • Submits a memorandum to YSR in this regard

    HYDERABAD: Congress MLA P. Janardhan Reddy has urged the Government to order an inquiry into sale of factory land and machinery by Voltas Limited, which had taken over the ailing public sector unit Hyderabad Allwyn Limited.

    Mr. Reddy accompanied by trade union leaders submitted a memorandum to Chief Minister Y. S. Rajasekhara Reddy on Wednesday and said that Voltas had closed down the companies it had taken over in 1993 on the ground that they were incurring losses. The company was disbanded in November last year. Stating that the MoU signed by the Government with the company prohibited sale of factory land or the machinery, the legislator said the Industries Department should immediately conduct an inquiry to assess the extent of land and machinery sold.