MVV Satyanarayana, who was happy with his real estate business for years finally stepped into politics and was elected as an MP from Visakhapatnam.
After working for three years he got the realization. He understood that business is much more peaceful than doing politics. Both the business and politics are not gelling well with him.
Finally he decided to finish off all the pending projects in hand and stop doing business in Vizag further.
He is in the process of shifting all his businesses sto Hyderabad as per the sources. He is taking up real estate projects in Madhapur and Bachupally areas.
There was a clash of business interests between MVV and the son in law of Vijaysai Reddy who went all the way to Vizag and bought properties to do real estate business. Vijaysai Reddy was also suspected and targeted in this issue.
Sources say that CM Jagan Mohan Reddy ordered both Vijaysai Reddy and MVV to settle the disputes if any. It is doubtful if MVV would contest from Vizag again.