Things Not Going Well With Former MLA Jeevan Reddy
It is said that he was sent notices to pay back the loan he took along with the interest.
By: Tupaki Desk | 12 Dec 2023 8:29 AM GMTThe government changed in Telangana, the youngest state in the country with Congress coming to power. After the power shift, we are seeing some big developments in the state. Pragathi Bhavan underwent some changes and Praja Drabars are held.
Days after the results, a former MLA is facing troubles. Former Armoor BRS MLA A Jeevan Reddy is facing back-to-back blows. It is said that he was sent notices to pay back the loan he took along with the interest.
As per the media reports, Jeevan Reddy’s family took a loan from the State Finance Corporation a few years back. However, the money was not paid to date which forced the Body to serve notices seeking the repayment of the amount taken including the interest. The ex-MLA’s family should pay around Rs 45 crores, including the amount taken.
This is the second setback the former MLA faced in the span of a few days. Earlier the MLA faced a blow from the TRSTC as the Corporation sought payment, he was supposed to for using 7,000 square yards of corporation land.
A mall was constructed and was given to others for businesses. However, it is said that the arrears were not cleared, and the state transport corporation had swung into action to collect the dues. The Ex-MLA also has dues that need to be cleared to the Power Distribution Company Ltd reportedly.
Jeevan Reddy who contested the recent elections from the Armoor constituency lost the elections to Paidi Rakesh Reddy, from the Bharatiya Janata Party. When he was dealing with the election defeat, he is facing back-to-back blows.