Chandrababu suspended Telugu Desam Party (TDP) Member of Legislative Council (MLC) Vakati Narayana Reddy from the party for defaulting on bank loan repayments amounting to Rs. 460 crores. He said that he had this information about Vakati and he was suspending him on an immediate basis. Central Bureau of Investigation (CBI) officials conducted raids in Vakati's house and office yesterday, as his company, V.N.R defaulted on repayment of loans to banks. A case has been booked against him, by the CBI.