Lakshmi Narayana, the former JD of CBI, got his post resigned a couple of months ago and has been active in politics. Ever since, he resigned his post, various speculations on his political platform floated around.
Initially, it was heard that the former CBI JD would be joining Janasena. Although he belongs to the same caste that Janasena chief belongs to, Pawan Kalyan didn't show interest on LN as Power Star is looking for best leaders from all castes.
Later, LN's name was connected with BJP. He was thought to be made the star campaigner of BJP for next general polls. But then, the ruling TDP of AP strategically made him wooed the party.
In the meanwhile, a pro TDP's top newspaper broke the news out today that LN would be floating a new political party. The news was not revealed by non pro TDP's media. Obviously, it is being speculated that LN would ally with the TDP prior to 2019's general polls.
LN is likely to announce his political party's name on 26th of this month.