The unexpected move by TDP MP Kesineni Nani to shut down his travels agency which is operational since the past 80 Years came as a huge surprise. While TDP Sources kept claiming alteration with Transport Commissioner as the reason behind it, Media Houses began reporting that losses had prompted the MP to close the shutters.
YSR Congress Legislator Chevireddy Bhaskar Reddy sees a new angle in closure of Kesineni Travels. 'Kesineni Nani is Andhra's Vijay Mallya. He obtained loans for the debt-ridden travels business and diverted the funds to the star hotel he is constructing in Vijayawada. Kesineni Nani is toying with the idea of declaring bankruptcy to evade loan repayment,' he alleged.
Mr. Reddy dared to say AP Chief Minister Chandrababu Naidu is fully aware of the whole conspiracy but remained silent as he got his share in the bank loan.
YSR Congress Legislator Chevireddy Bhaskar Reddy sees a new angle in closure of Kesineni Travels. 'Kesineni Nani is Andhra's Vijay Mallya. He obtained loans for the debt-ridden travels business and diverted the funds to the star hotel he is constructing in Vijayawada. Kesineni Nani is toying with the idea of declaring bankruptcy to evade loan repayment,' he alleged.
Mr. Reddy dared to say AP Chief Minister Chandrababu Naidu is fully aware of the whole conspiracy but remained silent as he got his share in the bank loan.