Monday, May 15, 2017
Vakati Narayana Reddy today took oath as MLC. Council Chairman Chakrapani administered the oath of office.
Following his suspension from the party by the TDP president Nara Chandrababu Naidu, no Telugu Desam Party leaders were present and he alone came to take the oath of office. Speaking to media after the oath taking, he said that he was abide by the decision of the party. He admitted that the delay was there in repayment of bank loans. He said that they are considering of restricting of the loans and everything will be settled in a couple of months. He thanked Chandrababu Naidu for giving him an opportunity to work as MLC.
It may be recalled that the CBI has conducted raids in the recent past following the dues to various banks had mounted to Rs.450 crore resulting him as willful defaulter. CBI conduct searches on TDP MLC Vakati Narayana Reddy.
Satrucharla Vijayaramaraju took oath as MLC.