CBI raids on Nellore MLC Vakati's properties - Tv9
Fri, May 12, 2017, 10:21 PM
The Central Bureau of Investigation (CBI) has made raids at the residences of TDP MLC and top businessman Vakati Narayana Reddy. Banks charged him with loan default amounting Rs 190 crores. Following a fraud case was filed by a consortium of banks for defaulting on loans, the CBI has raided at the residence of Nellore (Andhra Pradesh), Bengaluru (Karnataka) and Hyderabad(TS). It is to be mentioned that Vakati Narayana Reddy is the founder chairman of VNR group
and is a famous industrialist turned politician in Andhra Pradesh.