CBI conducted raids on the residence of Nandyal lawmaker, SPY Reddy, for defaulting on Rs 500 crore bank loans availed by his firm in Kurnool. The raids, which began on Saturday morning, continued till late in the night. SPY Reddy, who was elected on a YSR Congress party ticket, had switched sides to TDP, but joined Jana Sena before the LS polls.CBI conducted raids on the residence of Nandyal lawmaker, SPY Reddy, for defaulting on Rs 500 crore bank loans availed by his firm in Kurnool. The raids, which began on Saturday morning, continued till late in the night. SPY Reddy, who was elected on a YSR Congress party ticket, had switched sides to TDP, but joined Jana Sena before the LS polls.
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