TDP leader Sri Bharath responds to YSRCP MP Vijayasai Reddy's Tweet
The Andhra Bank has announced that it will be auctioning the assets of hero and Hindupuram MLA Nandamuri Balakrishna's younger son-in-law Sri Bharat Matukumilli. Sri Bharat's family owes more than Rs 13 crore to Andhra Bank. The Andhra Bank has announced the auction of assets of VBC Renewable Energy Company.
Andhra Bank has named the names of few people belongs to VBC Renewable Energy Company.
YSRCP Vijayasair Reddy also responded to the issue. Balakrishna,'s son-in-law has been criticized on Twitter, to which Bharath responded saying the outstanding dues from A P Transco to our company VBC Renewable Energy Pvt Ltd is approximately Rs 3 crore. Our company's outstanding loan instalments to the bank are nearly Rs 2 crore. If Transco makes timely payments, loan instalments will be paid on time.
"Despite the government being unable to pay dues due to financial difficulties, it is very sad that I have been accused of stealing people's money. Many businessmen in our state are unable to pay salaries to employees who are bills. Your advice is therefore essential to the state government. My opinion is that such comments are good for society." Bharat said.
Earlier, Vijaya sai tweeted, "Nandamuri Balakrishna son in law, Visakha TDP candidate Srip Bharath's family has filed an auction of assets worth Rs 13 crore in Andhra Bank. Chandrababu's gang of thieves have sent into the BJP."