NELLORE: Former TDP leader-MLC Vakati Narayana Reddy has been accused of looting money from banks. Finance Corporation has come to the CBI after submitting fake documents to get a loan. The CBI officials who confirmed that the allegations were true and were arrested on Sunday morning. Former TDP leader - MLC Vakati arrested news in Nellore district. But there is no response from the TDP so far on this news.
Vakati in Frau-Vien Rai-logistics companies from Sullurlupeta constituency. The building was worth over Rs 12 crore in Shamir Peta with a fake document showing the bank loan. Industrial Finance Corporation of India has sanctioned Rs.190 crores for loan of Rs 250 crore for Vakati. Vakati.. As the borrower reached Rs 205.02 crore, the finance corporation shocked the officials who went to confiscate Vakati assets. The finance corporation complained to the CBI that it had falsely implicated the fake documents for the loan. The CBI was arrested on Sunday following allegations by the CBI and the allegations against him. He has also taken into account the attachment-confiscation of assets as he did not pay Rs 443 crore from State Bank of India-Bank of Baroda-Indian Overseas Banks in Hyderabad.
In fact, before joining the common Andhra Pradesh, Vakati joined TDP. After the CBI issued notices last year, Narayana Reddy was suspended from TDP. At present the TADPI headquarters has to respond to Vakati arrest. It is interesting that the chairman of the board chakravarti will take any action on the arrest of the TDP chief's orders. On the other hand, she always owes TDP - Chandrababu Naidu for MLAs. In the affair, he said that the party's decision will be tied up. He said he would soon get a clean chit from the deal