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AP Minister Ganta Srinivasa Rao Properties Seized by Indian Bank-Express TV

timmy

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timmy

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The Indian Bank took a decision to seize 24 properties including the residence of AP Minister Ganta Srinivasa Rao at MVP Colony in Visakhapatnam. The bank officials have served notices to Minister of seizing his properties. Ganta was one of the promoters of Pratyusha company along with Paruchuri Raja Rao. The company is involved in shipping business. The company took Rs 141 crore as a loan for business purpose. But, the company failed to repay loan in time. The Indian Bank served notices to Ganta and Raja Rao. But, they did not respond.

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