ED Finds Discrepancies About Another TDP Leader

It seems Lokesh is quite serious when he announced that he will give big position if someone has big number of cases on their name. It seems like the entire coterie of Chandra Babu following this pattern of having cases on them. Defaulting banks, manipulating figures, showing discrepancies in their earnings, cheating the public... These are the basic qualities needed to get close to Chandra Babu. 

During TDP regime, many leaders cheated banks with the blessing of Chandra Babu. All of their manipulations are coming out in the open one by one. Leaders like Sujana Chowdary, CM Ramesh, Nama Nageswara Rao, JC Brothers have been booked under illegal businesses, money laundering cases. Now, Rayapati Sambasivarao joins this elite white collar criminals list. It is found out that he cheated with numerous dummy companies. ED found out that he did the biggest loan scam in the country. Many other names came out in the enquiry. 

TDP Ex-MP Rayapati Sambasiva Rao took loan of Rs 9394 Crores from 13 banks and transferred it into shell companies. Then from his company Transstroy India's bank accounts he diverted that amount to Singapore in illegal manner, found out by ED in their enquiry. In 2019, itself Rayapati's residence and offices were raided by CBI amidst loan default cases.On Tuesday, ED conducted raids on Rayapati's house, offices and othe 15 places belongs to him over money laundering case. They found important papers regarding money laundering. His loan amount is now values Rs 30,000 crores including interests, as per Banks. 

Knowing that this situation will arise, as per instructions of Chandra Babu, to avoid Money Laundering cases Sujana Chowdary and CM Ramesh hurriedly joined BJP back then. No wonder if Chandra Babu directed Rayapati the same way. Now, the million dollar question is how many TDP leaders are still out there after doing money laundering in this manner. On one hand, Geetham University illegally occupies Government land in Vizag and on the other hand people like Ramoji who always speak about moral values and did white collar crimes pooling thousands of crores of public money. 

Defaulters Are The Big Heads In The Party

All of them does such fraud at massive level with only one reason, that they have Chandra Babu to look after them. They inturn use the money for the party fund to bring party into power once again so that they can do their fraud again. They repay their debt to Chandra Babu in the form of party fund but never bothered about repaying the debt they took from the banks. It has become the modus operandi of this batch.