Ganta Srinivasa Rao's Properties to be Auctioned

November 18, 2019 12:13
Ganta Srinivasa Rao's Properties to be Auctioned

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Ganta Srinivasa Rao's Properties to be Auctioned:- Senior politician and ex-minister Ganta Srinivasa Rao is back in news. He is now a defaulter and is yet to repay the loan after which his property is all set to be auctioned. The Indian Bank officials issued an auction notice of his property and it will take place in Vizag on December 20th. Ganta Srinivasa Rao's Pratyusha Resources and Infra Projects took a loan of Rs 209 crores from Indian Bank and is yet to repay the loan. His property worth Rs 35 crores is now coming for auction and the bank authorities revealed that they are in plans to seize some of his other properties to recover their loan amount.

Ganta Srinivasa Rao after the recent defeat is not active in politics. Though there are talks that he would join BJP soon, nothing of such sorts happened. There are allegations that Ganta Srinivasa Rao kept government lands as proof to acquire huge amounts of loan. A plot from Vizag North is also to be auctioned. Ganta Srinivasa Rao is yet to respond about these allegations and auctions. Despite of Chandra Babu's advice, Ganta Srinivasa Rao did not attend Pawan Kalyan's Long March that took place in Vizag this month.

(Video Source: Sakshi TV)

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Ganta Srinivasa Rao  TDP  Andhra Pradesh