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Jayalalitha Stashed Money With MP Magunta?

Jayalalitha Stashed Money With MP Magunta?

posted on Mar 28, 2012 @ 6:35PM

According to knowledgeable sources, Tamil Nadu chief minister Jayalalitha has stashed huge amounts of money with Ongole MP Magunta Srinivasulu Reddy. It is said that Magunta family has very close rapport with many a businessmen and film actors in AP as well as several political leaders of Tamil Nadu. More or less, Magunta family is considered a 'Reserve Bank' for stashing away un-accounted money.

It is alleged that these people are keeping their un-accounted money in the hands of Magunta family for the past 20 years and Magunta family invests those amounts in various businesses. When probed why these people are preferring Magunta family only over others, it is found that the family is well reputed for its integrity and sincerity. Whoever it might be, the family returns every rupee that is to be returned without fail, when asked for. And this consistency in maintaining accounts by the family is said to be the main reason behind people having so much of faith on them.

It is said, even late NT Ramarao has stashed huge amounts with Magunta family for safe-keeping. On NTR's death, Magunta family was the only one source that has sincerely returned monies to the NTR family. The word got circulated and Magunta family's reputation rose to the sky. Earlier, Maguntas even handled amounts belonging to former TN chief minister Karunanidhi. Sources say that, Jayalalitha has also kept some her earnings with this family. Even megastar turned politician, Chiranjeevi too safe-deposited some amounts with Magunta family, it is said.
 

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