Andhra Bank gave a big shock to TDP MP Rayapati Sambasiva Rao. The bank has released an auction statement to auction his Jubilee Hills house as Sambasiva Rao failed to repay the loan.
Located in Jubilee Hills Road No. 7, the building which is spread across 631 sq yards is believed to cost around Rs 7.36 crores. Along with him, his son Rayapati Rang Rao, his daughters Devika Rani, Lakshmi, and other 14 members who were guarantors have been issued the notices.
Earlier, Trans Troy company owned by Rapati had failed to pay Rs 4.300 crores loan from various banks.