CBI Arrests its Former Director's Son

Hyderabad: Central Bureau of Investigation (CBI) has booked a case against Srinivas Kalyan Rao, son of CBI's former director Vijaya Rama Rao, on Saturday.

Three banks have complained to the CBI that Srinivas had borrowed Rs. 304 crore from them, but failed to repay. Following a formal complaint, the premier investigating agency registered a case. Subsequently, raids were also conducted at properties owned by Srinivas in Chennai and Hyderabad.
The CBI is expected to question him shortly.
It may be recalled that Vijaya Rama Rao was a loyalist of the Telugu Desam Party. He held ministerial posts in the united Andhra Pradesh government. His claim to political fame was when he defeated Congress heaveyweight P Janardhan Reddy from the Khairtabad constituency.

However, he switched loyalties recently and joined the ruling Telangana Rashtriya Samithi (TRS).