Super Star Mahesh Babu enjoys tremendous fan following and now in a shocker it is comingout that his brother in law, Galla Jayadev, Guntur MP is accused of land grabbing. Guntupalli Padmaja met AP CM Chandra Babu Naidu and lodged complaint against Galla Jayadev, industrialist and Guntur MP accusing him of grabbing her property located at Brundavan Gardens in Gutur.
She accused Galla Jayadev of grabbing her property worth Rs9 crores for just Rs 3 crores. However Jayadev denied all charges and added that the entire transaction was above board. Padmaja in her interactions with CM Chandra Babu informed that she had taken Rs2.30 crores loan from Andhra Bank on her three storeyed house as security in 2013.
She added Galla Jayadev in 2014 elections had taken her house for rent and later continued to use the building as his residence-cum-office. She added she failed to pay EMIs due to her financial condition. She accused Jayadev of pressurising the bank to put the building for auction to recover its loan as the EMI were not paid. She further alleged that Mr Jayadev pressurised the bank officials to set the base auction price at a mere Rs 2.80 crore against the government value of Rs 7.50 crore.
She said when she approached the Debt Recovery Tribunal seeking time to clear the loan, the DRT directed Andhra Bank to give time but the bank officials, on orders from Mr Jayadev, proceeded with the auction, facilitating the MP to buy the house for a mere Rs 3.09 crore. Galla Jayadev says he participated in the auction and emerged the highest bidder in due process.
