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Chandrababu issues directives to suspend TTD member Sekhar Reddy
The Income Tax authorities seized unaccounted cash of over Rs 120 crore in new currency notes and huge amounts of gold from Chennai-based Telugu industrialist and (Tirumala Tirupati Devasthanams) TTD member J Sekhar Reddy.Â
The Income Tax authorities seized unaccounted cash of over Rs 120 crore in new currency notes and huge amounts of gold from Chennai-based Telugu industrialist and (Tirumala Tirupati Devasthanams) TTD member J Sekhar Reddy.
Following instructions from Chief Minister Chandrababu Naidu to the Department of Endowments, Shekar Reddy was removed from the trust board of Tirumala Tirupati Devasthanams.
With Chandrababu being the head of the panel on transition to ‘cashless economy', it is said that Chandrababu feared that Sekhar Reddy continuing to be in TTD would effect the reputation of the Andhra Pradesh Government and passed Endowment Principal Secretary and TTD Executive Officer, the directives to initiate the action against him immediately.
