Andhra Pradesh Finance Minister Payyavula Keshav has launched a sharp attack on former Chief Minister Y.S. Jagan Mohan Reddy, holding him responsible for the economic troubles currently facing the state. At a press conference held on Thursday, Keshav alleged that the previous YSR Congress Party (YSRCP) government was involved in a series of large-scale scams in the liquor, mining, land, and sand sectors, causing severe financial instability and investor distrust in Andhra Pradesh.

Keshav said the "wine, mine, land, and sand scams" under the Jagan regime not only drained state resources but also forced the new NDA-led government to incur substantial public debt to maintain essential state services and continue stalled development projects. He accused Jagan of leaving behind an administrative and financial mess, citing rising fiscal burdens and delayed infrastructure projects as direct consequences.

The minister was responding to recent remarks made by Jagan, in which the former CM criticized the NDA government’s approach to governance and development, particularly its focus on reviving Amaravati as the capital. Keshav described those statements as "desperate attempts to derail development and terrorise industrialists", claiming Jagan’s words were aimed at sabotaging progress and reigniting political instability in the region.

According to Keshav, the previous government’s tenure was marked by policy uncertainty, corruption, and investor flight. He emphasized that several multinational companies either withdrew or paused investments due to the YSRCP’s decisions and that efforts are now underway to restore confidence among the business community.

Keshav accused the YSRCP of deliberately undermining Amaravati, which was designated as the capital under the earlier TDP administration. “The systematic stalling of Amaravati’s development was a politically motivated move that damaged the state’s prospects and drove away long-term investments,” he said.

The Finance Minister reiterated that the NDA is now focused on economic recovery, fiscal discipline, and capital infrastructure revival. He said the government was undertaking a transparent audit of past financial decisions, especially those related to land allotments, excise licenses, and mining contracts, all of which allegedly point to massive irregularities.

He further claimed that the state's current debt levels, which have crossed significant thresholds, are a direct inheritance from Jagan's misrule. “The NDA government is being forced to borrow not out of choice, but out of necessity, to undo the damage inflicted over the last five years,” Keshav said.

The Finance Minister highlighted the NDA’s current strategies to attract investments, improve credit ratings, and incentivize industrial growth through policy consistency. He said that under the present regime, Amaravati will be revived as the primary capital, and infrastructure development will be fast-tracked with private and public sector collaboration.

He also pointed out that industrialists had previously expressed apprehensions about investing in the state due to unpredictable policy changes and alleged political interference during the YSRCP rule. The NDA aims to counter this narrative by establishing investor-friendly policies, ensuring legal protections, and revamping approval procedures.

While calling for a political consensus to support long-term state development, Keshav emphasized that corruption from the past cannot go unpunished. He announced that several investigative committees and audits have been established to review major contracts issued between 2019 and 2024.

The Finance Minister concluded by urging the public to see through what he called "Jagan’s political theatrics", stating that the focus must remain on progress, prosperity, and financial stability. “The people of Andhra Pradesh deserve answers and accountability, not diversion and disruption,” he added.

With elections still fresh and the new administration setting its roadmap, this escalation in rhetoric from both sides signals a continuing political war of words likely to influence public discourse and investor sentiment for the foreseeable future.

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