BJP withdrew Rs 8 crore to buy votes: Talasani Srinivas Yadav

Says meetings organised by party would not have cost more than Rs 50L, seeks action against bank officials

By Author  |  Published: 9th Apr 2019  11:57 pm
BJP withdrew Rs 8 crore to buy votes
LASHING OUT: Animal Husbandry Minister Talasani Srinivas Yadav addressing the media at Telangana Bhavan on Tuesday.

Hyderabad: Animal Husbandry Minister Talasani Srinivas Yadav on Tuesday alleged that the BJP withdrew Rs 8 crore from a bank on Monday to distribute it among voters in Secunderabad Lok Sabha constituency.

Srinivas Yadav told reporters that the BJP claim that the money was meant for paying bills it owed to vendors and service providers sounds hollow. “We also know how much more cash the BJP has drawn and where it wants to distribute the money,” he said

“It would not have cost more than Rs 50 lakh for the public meetings the party held. On the one hand, Prime Minister Narendra Modi says all transactions should be online or through cheques, but the BJP here wants to use cash,” he said.

Srinivas Yadav’s son, Saikiran Yadav, is the TRS’ candidate from Secunderabad and is facing BJP’s three-time former MLA G Kishan Reddy and former Lok Sabha member M Anjan Kumar Yadav of the Congress in the constituency.

“It is illegal to withdraw so much cash. Action must be taken against the bank officials. We are going to complain to the Reserve Bank of India on violation of banking rules. We will also take legal recourse on the matter,” Srinivas Yadav said.

Meanwhile, a complaint was also filed with the Returning Officer for the Secunderabad Lok Sabha constituency by Saikiran Yadav’s election agent alleging that the BJP wanted to distribute the cash to voters in the constituency. Bank officials have no authority to disburse such huge amounts of cash, the complaint said.

BJP denies wrongdoing

The BJP dismissed allegations of any wrongdoing on its part with respect to withdrawing Rs 8 crore from Indian Bank’s Narayanaguda branch on Monday.

The money was meant for paying bills that had accumulated over the past three months. The entire incident of seizing the money by the police was an orchestrated effort to defame our party in the run-up to the polling, BJP State president Dr K Laxman said on Tuesday.

He said the party had been in touch with senior police officials, Election Commission officials as well as the Income Tax Department, but nobody was giving a clear response on why the money was seized.

Earlier on Monday night, party spokesman Krishna Sagar Rao, addressing the question of why the BJP was not following Prime Minister Narendra Modi’s call for online transactions, said while Modi’s call was followed to the extent possible, many of the small business people and suppliers depend on cash transactions. “That is the reason why we withdrew the amount,” he said

A party leader said there were at least 40 policemen in mufti in the bank and even the bank staff were surprised with a sudden crowd descending on their branch. Krishna Sagar Rao, meanwhile, said the police action was a clear case of overreaction. The police also broke two windows of the car in the process of seizing Rs 2 crore from the vehicle before they seized the rest of the cash from within the bank premises.

“Our party has the proofs for withdrawing the money and though we showed it to them, they still went ahead,” he said.


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