Maganti Babu dashes off a letter to bank branches to suspend transactions

The teaching and non-teaching employees of Sir C.R. Reddy Group of Educational Institutions in the city are all set to feel the heat of the running feud between the rival factions over the election of managing committee of Sir C.R. Reddy Group of Educational Institutions. Maganti Venkateswara Rao (Babu), TDP former minister and vice-president designate of the managing committee, reportedly dashed off a letter to the two branches of the Andhra Bank at Sir C.R. Reddy Degree &PG College and Sir C.R. Reddy Polytechnic College, seeking to suspend the transactions to be undertaken by the managing committee on the ground of it lacking `legitimacy’.

As a result, around 1,000 employees are unlikely to receive their salaries for May. Besides, eight institutions running under the banner of the Sir C.R. Reddy Group may find the going tough due to non-clearance of telephone and electricity bills during the period. The State government has sanctioned salaries for three months for around 100 aided teaching and non-teaching employees of Sir C.R. Reddy Degree College. The amount which is to be disbursed through the managing committee is unlikely to reach the employees for want of acceptance of cheques issued by its secretary by the bank authorities in the wake of the complaint. Mr. Babu, who is sulking over the alleged sidelining of his group in constitution of the 27-member managing committee by the rival group with the alleged blessings by his intra-party rival and former Union minister Bolla Bulliramaiah, refused to assume charge as the vice-president of the committee and is spearheading a campaign for a fresh election. According to a spokesperson on the managing committee, the bank authorities reportedly sought the secretary to furnish a certificate of election from the Registrar of Societies as a pre-condition to honour the cheques issued by him on behalf of the group of educational institutions. It may not happen immediately in view of `technical flaws’ associated with the election of the managing committee and that the stalemate over the bank transactions is likely to last till then, the spokesperson added.

The families of Alluri Bapineedu, Mullapudi Harischandraprasad and Maganti Ravindranadh Chowdary have been enjoying a sway over the management of the Sir C.R. Reddy Group of Educational Institutions since its inception. These three families, all belonging to the socially dominant Khamma community with affiliations to the TDP fell apart, plunging the educational institutions of repute into a raging dispute.


  • Maganti Babu is sulking over the

    alleged sidelining of his group

  • Refuses to assume charge as the

    vice-president of the committee