Media Reports: $3.7M Funds Misused In TANA
According to rumors and allegations from social media portals, the former chief of TANA.
The prestigious Telugu Association of North America (TANA) is a powerful body that brings together the Telugu community in North America. However, this body has now been shaken up amidst Media reports that millions of dollars have been siphoned off from TANA Account to private accounts.
According to rumors and allegations, the former chief of TANA, Srikanth Polavarapu acknowledged guilty of transferring over $3M from TANA account to a private account without the consent of the board.
A new discovery reveals an additional $600,000 in diverted funds tied to the TANA scam. This misappropriation reportedly occurred in February 2022 and involves the same treasurer responsible for $3.1 Million diversions. The total amount of funds misused has now reached $3.7 million
This happened between September 15, 2022 to February 27, 2024. The whole operation was ran without the knowledge of the TANA board members. Srikanth acknowledged that the had indeed committed this financial scam. He now vows to return all the money by the 15th of December this year.