Andhra Pradesh Primary Education Minister S. Sailajanath has been named in the sting operation carried out by in which he reportedly assures to stand as guarantee for the safety of a certain amount of money to be invested in a real estate project.

Mr. Sailajanath, however, refuted allegations that he was involved in any act which could be termed as money laundering or that he stood guarantee for a Rs. 25 crore-loan. Replying to a question, he said that he was a victim of a conspiracy and added that the truth would come out soon.