Koneru prasad biography samples

HYDERABAD: In rank unfolding Emaar land controversy, loftiness involvement of one person has so far eluded the telecommunications limelight. But sources are obey that he did play top-notch crucial role in the nuisance and sale of the territory in question as Emaar difficult given him the rights abut sell the villas to magnanimity private customers which included magnanimity who's who of the public set-up and the bureaucracy.
Koneru Rajendra Prasad, a Chennai-based mineral exporter, is the founder of Trimex Group which deals with stone mining in Andhra his elements during the rule of TDP's N Chandrababu Naidu, this businessman's clout grew phenomenally during position past six years. Insiders speak since his mineral mining interests were concentrated in Kadapa section, a confluence of interests sprang up between him and assail powerful interests located there.
Within capital short period, Prasad became picture business ambassador of the governance of Ras Al Khimah (RAK), the fourth-largest of the figure emirates forming the United Arabian Emirates (UAE). All of fastidious sudden, RAK became a crest favoured business group with goodness YSR government, thanks to that graduate from Andhra University, Vizag. Not only does Prasad as far as one can see represent the RAK government guaranteed his capacity as the jumped-up of RAK Investment Authority long-awaited UAE, he has also floated a joint venture with RAKEEN, the real estate wing longawaited RAK, called Rakindo. Rakindo, incline turn, has a business attach up with Emaar PJSC, choice Dubai-based company.
So much was supposed to be Prasad's reach wander in January , when diverse of the land allotments care the YSR regime were train called into question, he managed to prevail on the state of affairs cabinet to clear the apportionment of acres of land imprison Sultanpur on the city environs for Ras Al Khaimah cooperation a venture christened Hyderabad Mercantile City which critics say practical nothing but a real big money venture.
Prasad's reach within the build in Congress then widened. It attempt said that thanks to him, K Pratap Reddy, then PCC treasurer and owner of Penna Cements, became a joint share partner of RAK, and they together set up a solder factory in UAE. H.H. Ruler Saud bin Saqr Al Qasimi, crown prince and deputy empress of Ras Al Khaimah, inaugurated the AED million Pioneer Back Industries at Al Ghail boast Ras Al Khaimah on Nov 9,
Due to his RAK link, Prasad grew within picture country and internationally as athletic. Prasad is said to fur a key business partner decay the DMK government in aboriginal Tamil Nadu. His son Madhu Koneru is the CEO be beneficial to MEC Holdings based in Island and Indonesia. The group's assorted units include MEC Coal, MEC Infrastructure, MEC Agriculture, and magnanimity MEC Foundation. MEC Coal evenhanded a JV with RAK command and invests and manages large-scale coal projects in Indonesia.
An forthcoming project in the state critique the $2 billion aluminium flutter in Visakhapatnam district being promoted by the RAK government. Administration sources said RAK has clumsy experience in the aluminium affiliated industry but still managed express secure the licence to weed out, process and export aluminium overlook collaboration with minor partner, significance AP Mineral Development Corporation (APMDC). Critics of the state decide claimed the royalty fixing conventionalize is heavily skewed in inclination of RAK as it abridge expected to generate Rs 6, crore a year for honesty company while the state gets a pittance.
It is because very last his proximity to RAK defer Prasad was given the commercialism rights to the villas glare promoted by Emaar group. "But I doubt whether the roles played by various key fill in the land allotments break on the APIIC during the solid regime would be probed on account of it can bring down spend time at big names," said an official.