As per the latest reports, the Telangana government is all set to acquire the state's most popular educational institution, Chaitanya Bharati Institute of Technology (CBIT). The reports further say that huge corruption leading to the misuse of crores of rupees and complaints on the organization of the society are the primary reason behind the government's move.

CBIT was formed on the basis of the Societies Act. For the last few years, discrepancies in the college's lands and the misuse of funds have been making the headlines and even the society was split into two coteries under the leaderships of Malakonda Reddy and BN Reddy. After numerous mutual allegations, the society's administration came to a compromise.

Meanwhile, the employees' associations have been alleging misuse of crores of rupees. Following these conflicts, the Telangana government has reportedly decided to step into save the institution. Apparently, TRS MP Konda Viswesawara Reddy has been denied membership in the CBIT's administrative council, even though his father was the founder of CBIT.
 
Since the institute was formed under the Societies Act, the T government is mulling over whether to acquire it directly or through a special officer.