An interesting tussle is happening between the Telangana Pradesh Congress Committee and the Andhra Pradesh Congress Committee. With the Congress units in both the states in dire financial straits, the APCC is seeking the repayment of a loan that its Telangana counterpart has taken. The APCC, which now has no funds whatsoever, is desperately seeking repayment by the TPCC.
This loan issue is from the time when the state was bifurcated. The APCC then functioned for some time from Indira Bhavan in Hyderabad, while the TPCC operated from the Gandhi Bhavan. Later, the APCC shifted its base to Vijayawada. However, during that time, the APCC loaned some Rs 15 lakh to the TPCC. This was given to the then TPCC chief Ponnala Lakshmaiah by the then APCC chief N Raghuveera Reddy.
Now, the APCC is in a deep financial crisis. It does not have any accruals. No donations are being given and not even membership amounts are deposited. The party has spent every paisa in the account and now badly needs funds to run its show. Now, Shailajanath, the current PCC chief, unearthed this and has asked the Telangana PCC to repay the amount.
The APCC has now sent a communication to Revanth Reddy asking him to send the amount. Sources say that the APCC feels that it can run the show for some more time with this amount. The Telangana PCC, which is financially stronger, is yet to respond so far.
