While Coronavirus is terrifying, the economic crisis of the Yes Bank is creating shivers in Jagan Mohan Reddy’s spine. It is all because Jagan Mohan Reddy’s government started to pay the salaries of the APS RTC employees personally from January 2020 instead of the regular O.D method adopted by them.
AP minister, Perni Nani says that the Telugu Desam Party chief Chandrababu Naidu has a link with the Yes-Bank scandal. Yes bank scandal has become a sensation across the country. The minister has alleged that the arrested Yes-bank founder Rana Kapoor and Chandrababu has close ties. Chandrababu Naidu and Rana were close friends, the minister said. During the TDP regime, Rana and Chandrababu Naidu used to meet often. When Chandrababu Naidu was the Chief Minister of Andhra Pradesh, their meetings held about businesses. The minister says that Chandrababu Naidu sent his corrupted money to foreign countries. For this Chandrababu Naidu took the help of Rana Kapoor.
It is also interesting to note that Rana Kapoor has come to meet Chandrababu Naidu once a month. Minister Nani said that Chandrababu Naidu might get notices from the court. That is why Chandrababu Naidu is sitting in Hyderabad and having discussions with top lawyers. The minister recalled that during the tenure of Chandrababu Naidu, there were many attempts made to uplift the Yes-Bank.
Minister said that there is pressure on the Yes-bank to deposit an amount of Rs 1,300 crores. Chandrababu funded crores of rupees to Yes bank related to Tirumala Tirupathi Devasthanam. However, after YV Subbareddy became the chairman of the TTD, he released funds for Yes bank in the TDP regime. Hoping for commissions he transferred the funds to Yes bank from TTD.