Bank to hold auctions on Ganta Srinivas Rao's assets for bad debts of worth 209 crores

Former minister and TDP MLA Ganta Srinivas Rao who has been in the news for various reason from last two weeks is now happened to be in the news for wrong reasons as one of the flats in Visakhapatnam North block that belong to this leader is under threat.

The fully furnished flat which has debts of 209 crores will reportedly be auctioned on Monday. The reposts from Visakhapatnam circles confirm these speculations.

However, the TDP MLA is nowhere seen to discuss the latest developments on his assets. Meanwhile, there are rumours, the leader who could not withstand without power is said to be planning to move to the BJP soon. As per the Kanna Lakshminrayan's comments, along with Ganta, eight other leaders also.

It remains to be seen how Ganta reacts to this latest developments and future course of action.