Congress MP Lagadapati cheated 3,000 cr to ICICI Bank

Hyderabad, June 28: YSR Congress Party leader and advocate Gautham Reddy here on Thursday said that the Congress MP from Vijayawada Lagadapati Rajagopal had cheated ICICI Bank to the tune of Rs 3,000 crore.

Speaking to mediapersons in Somajiguda Press Club here, Gautham Reddy said Lagadapati acquired several hundred crores of people in the country and bought "Grifin" losing a mining company in Australia. Later, Rajagopal had 3,000 rupees crore, ICICI Bank loan Grifin mortgaging company documents.

To say that the value of the share of Lanco Infra Rajagopal had fallen considerably, ysrc leader said many investors, along with ICICI Bank suffered huge losses. He demanded that research for the government in the affairs of Lanco Infra by the CBI and Enforcement Directorate. It also warned it would launch a legal war against Lagadapati if such research organizations failed to take up the probe. He said he would file a complaint with the Lok Sabha Speaker Meira Kumar against Vijayawada MP.