Former Congress MLA, Malla Vijaya Prasad joined YSR Congress before the last elections. However the other night, CBI conducted raids on Vijaya Prasad’s house and offices in chit fund fraud case. Vijaya Prasad is the managing director of the chit fund company which operates in AP, Telangana, Jharkhand, Bihar, Odisha and West Bengal.
Some cases are registered on this company in Jharkhand alleging massive irregularities. CBI seized 44 Lakh Rupees from Vijaya Prasad and another 17 Lakh Rupees from another director’s house. They reportedly also seized several crucial documents in relation to this case which may lead Vijaya Prasad in to trouble.
Malla Vijaya Prasad also produced few Telugu films under his Welfare Creations Banner. In the last month, they have announced a film with new comers and the film also began its shoot. On the other side, these allegations on yet another YSR Congress leader, will trouble the party big time especially as the assembly sessions are going on.
