YCP Puts Secretariat On Mortgage
The ycp administration in andhra pradesh has perpetrated atrocities without end. The government has mortgaged the state secretariat for a sum of Rs. 370 crores since things have become so bad. The government first tried to get a loan from ICICI Bank, but it was turned down. In the end, it paid hdfc bank 370 crore rupees in exchange for the property.
Leaders of the ycp previously charged chandrababu naidu with embezzling Rs. 700 crores for building five buildings that housed the legislative assembly, legislative council, and secretariat—a project that only cost Rs. 100 crores. Nonetheless, the government was able to get a loan of Rs. 370 crores by only promising five secretariat blocks.
On social media, many are claiming that jagan used 10 crores to destroy structures in Rushikonda and used the rest to build a palace nearby. All things considered, the ycp government's careless borrowing has put the state in serious financial jeopardy and forced the state to pledge its secretariat.
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