Lakshminarayana has sent his resignation to the TTD. TTD has sent his resignation to the AP state government. Lakshminarayana hails from Guntur district’s Mangalagiri and settled in Hyderabad.
According to reports, he got TTD Board Member post in September 2021 with the blessings and support of Visakha Sri Sarada Peetham head Sri Sri Sri Swaroopanandendra.
Budati Lakshminarayana has been arrested in connection with Rs 900 Crore scam. According to reports, Lakshminaryana’s real-estate firm has duped about 2500 customers to the tune of Rs 900 Crore in the name of “pre-launch” scheme.
The Central Crime Station (CCS) police, Hyderabad has arrested Lakshminarayana on Friday. The officials who did a preliminary investigation has found the fraud done by Sahiti Infratec.
There is a talk that Lakshminarayna should have purchased this membership from the TTD via some influential persons. Earlier some persons who were board members were arrested by the CBI in some cases.
It would be good for the TTD to have some inquiry before nominating somebody to the prestigious and world-renowned TTD board.
