Former Mp Spy Reddy’s Son Booked By Cbi !!

Former MP SPY Reddy’s son booked by CBI !!

CBI officials today conducted searches in Nandyala in Kurnool district.The CBI has registered a case against the son of former MP SPY Reddy for allegedly taking loans with false documents.

 Former Mp Spy Reddy’s Son Booked By Cbi !!-TeluguStop.com

In April 2019, CBI officials conducted searches at the offices and homes of SPY Reddy.

A case has been registered against SPY Reddy for failing to repay loans.

CBI officials seized some documents belonging to the Nandi Group.The CBI registered the case as the MP took loans from SBI, Syndicate Bank, Bank of Baroda and other banks for his Nandi Group of Industries.

With this, the bank officials complained to the CBI for non-payment of those funds by SPY Reddy.

Nandi Company was started in 1978.The company then began manufacturing PVC pipes.Later, it expanded to the manufacture of ancillary pipes.The group started manufacturing agricultural pipes, casing pipes, plumbing pipes and drainage pipes.SPY Reddy won two terms as MP.

In the 2014 elections, SPY Reddy won from YCP and later joined TDP.Later, he joined the Janasena party.SPY Reddy fell ill during the 2019 election campaign.He died while undergoing treatment at a hospital.SPY Reddy died in May 2019.

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