The liquor baron Vijay Mallya needs no introduction and how the king of Good Times has turned out to be a major defaulter is also known.
While he is chilling out in the UK it appears there is one man here who seems to have defeated Mallya in terms of loan outstanding. He is none other than MP Raghurama Krishnamraju also known as ‘RRR’.
Latest reports as per media suggest Raju’s outstanding stands at a mind boggling Rs 23,608 crores. He has companies in Hyderabad, Chennai ROC limits but none of them have updated filings. Few companies have not submitted balance sheets from 2016.
Added to that, few of his other companies such as Ind-Bharat Energy (Utkal), Ind-Bharat Power (Madras), Ind-Bharat Power Gencom are already facing bankruptcy.
CBI has already filed a case regarding this and Sakshi newspaper has also revealed details about the whole scam. This could be just a tip of the iceberg.
There could be many such MPs who have taken tons of loans and later on attempting to lobby with the ruling government in Delhi to escape.
The list was long during the Congress regime but things have come to a good amount of control after BJP came into power. They are putting a check on such fraudsters and more needs to be done on this front.
Only time will reveal how many skeletons will tumble out just like Raju’s.