Former minister and tdp mla from visakhapatnam North ganta srinivasa rao seems to under severe stress after losing the cycle party lost the elections. His properties have been put on e-auction for the second time by the indian bank, for default of loans to a tune of more than Rs 220.66 Crore.

 

indian bank had issued a notification in the Newspapers saying that the online auction will be held on april 16th. Applications for purchasing the property should be filed between march 11th and 15th, the notice reads. The apartment belonging to him at balayya Sastry Layout which was built on 444 yards is said to be up for auction.

 

Ganta had defaulted a loan amount taken by a company named pratyusha Resources and Infra Private Ltd. As per bank officials, Ganta had stood as a guarantor of the company which defaulted on the loan of nearly 141.68 crores. The amount along with interest accrued came to Rs 220.66 crore. There are rumors that Ganta is keen on trying to take political asylum in congress PARTY' target='_blank' title='ysr congress-Latest Updates, Photos, Videos are a click away, CLICK NOW'>ysr congress or bjp to save his properties but both the parties were reluctant to admit him. 

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