Recently, amid the election campaign, jagan said something about Butta Renukamma that left everyone in wonder: she is mild and has few assets. But before these remarks could be forgotten, lic Housing Finance has already announced that 15 of their family's properties would be put up for sale. Discussions have been triggered by this development, especially since Meridian Educational Institutions' name has also been linked to it.
 
It has been alleged that Butta Renuka, who is standing for the YSRCP in the Yemmiganoor assembly seat in the kurnool district, owes about Rs. 360 crores to lic Housing Finance. lic revealed the mortgaged homes' auction, which is set for the sixth of the next month, in a notice that appeared on thursday in a major daily in Hyderabad. The notice made it clear that long-standing non-payment of dues is the reason the properties are up for sale.
 
It's important to note that this debt dwarfs the possessions of Butta Renuka's relatives in Hyderabad. The whole debt of Rs. 360 crore, which was acquired through two loan accounts, might be paid off with the sale of just two or three houses. This has resulted in a major reduction in the power of the Butta family, well-known landowners in the telugu states. Renuka's assets were described as plentiful in Jagan's previous statement, but since lic Housing Finance listed them as defaulters, the situation has deteriorated.
 
The leaders of the YSRCP claim that the Butta family has suffered a great deal of personal damage as a result of lic Housing Finance's statement during the crucial election season. It is expected that rival parties would use this problem as a propaganda tool.
 
 
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SIBY JEYYA

06/04/2024 08:34 AM