Begin typing your search above and press return to search.
Did Bandla Ganesh Cheat Banks Rs 100 Cr?
By: Tupaki Desk | 23 Nov 2018 5:12 AM GMT
Bandla Ganesh offered clarity on the allegations that he cheated banks to the tune of Rs 100 crore in a recent interview.
To the question if he cheated Andhra Bank, The Producer explained: 'We didn't cheat any bank..we obtained loan of Rs 47 crore, not Rs 100 crore. My Brother has been paying Rs 2 crore to the bank every month as part of repayment. We obtained the loan offering Rs 200 crore assets owned by us as surety. Why would banks tolerate if we cheat them? Won't they seize our assets? Anybody who does poultry business obtains loan from banks. What's wrong in it? We aren't like those people who leave the country after cheating the banks. Moreover, I have nothing to do with that bank loan. I got separated from My Brother before entering politics. He alone takes care of the poultry business and I have nothing to do with it. Still, I am answering on behalf of My Brother'.
Ganesh reiterated he isn't a benami of Botsa Satyanarayana or Factionists or Mafia. He denied cheating hero Sachiin Joshi but admitted having few differences with him.
When quizzed how he earned Rs 200 crore assets, Ganesh questioned: 'Is it wrong to have Rs 200 crore wealth? Our Family earned it by striving hard for several years. We earned it with our Business Operations, not by looting anyone'.
To the question if he cheated Andhra Bank, The Producer explained: 'We didn't cheat any bank..we obtained loan of Rs 47 crore, not Rs 100 crore. My Brother has been paying Rs 2 crore to the bank every month as part of repayment. We obtained the loan offering Rs 200 crore assets owned by us as surety. Why would banks tolerate if we cheat them? Won't they seize our assets? Anybody who does poultry business obtains loan from banks. What's wrong in it? We aren't like those people who leave the country after cheating the banks. Moreover, I have nothing to do with that bank loan. I got separated from My Brother before entering politics. He alone takes care of the poultry business and I have nothing to do with it. Still, I am answering on behalf of My Brother'.
Ganesh reiterated he isn't a benami of Botsa Satyanarayana or Factionists or Mafia. He denied cheating hero Sachiin Joshi but admitted having few differences with him.
When quizzed how he earned Rs 200 crore assets, Ganesh questioned: 'Is it wrong to have Rs 200 crore wealth? Our Family earned it by striving hard for several years. We earned it with our Business Operations, not by looting anyone'.
