After Central Bureau of Investigation (CBI) raids, Telugu Desam Party (TDP) Member of Legislative Council (MLC) Vakati Narayana Reddy is suspended from the party.
TDP chief Chandrababu Naidu returning from USA tour has announced the suspension of Vakati from the party.
On Friday, CBI sleuths conducted simultaneous raids at the properties of Vakati in Nellore, Hyderabad, and Bangalore . in 443 crore loan fraud case.
V.N.R companies defaulted on repayment of loans to banks. A case has been booked against him, by the CBI.