Shock to Balayya’s son-in-law from Karur Vysya

Shock To Balayya’s Son-in-law From Karur Vysya

No matter what was the fate of Balakrishna in the regional politics, he made sure that his personal life goes well. He managed to keep his personal life and professional life separately. But now it seems to be changing with his political alliances leading to personal interferences.

Gitam Companies Head, Balakrishna’s younger son-in-law, Sri Bharat is facing a financial crisis. He had taken few loans using lands in both Bhimili and Gajuvaka from the Abids branch of Karur Vysya Bank. But failed to make repayments in time.

Therefore, the Bank had sent multiple notices to Bharat on the same. When they did not receive any response from him, the Banks have passed notices to seize both the lands on the account of failure of payment.

The total Rs.124.39 Crores will be recovered through land acquisition. This could have been managed or prolonged with political intervention. But with TDP not in power, there is no reason to be surprised at leaving him to his fate.