₹75 crore diverted, ₹120 crore in FDs liquidated: Jana Sena leader’s charges against VMRDA
Jana Sena Party (JSP) leader P.L.V.N. Murthy Yadav has sought a high-level inquiry into alleged financial irregularities, misappropriation of fixed deposits and procedural violations at
Jana Sena Party (JSP) leader P.L.V.N. Murthy Yadav has sought a high-level inquiry into alleged financial irregularities, misappropriation of fixed deposits and procedural violations at the Visakhapatnam Metropolitan Region Development Authority (VMRDA). Submitting representations at the VMRDA office and the Public Grievance Redressal Cell at the Visakhapatnam Collectorate on Monday (August 3, 2026), Mr. Murthy Yadav accused senior officials of causing financial losses to the authority through questionable fund transfers, unauthorised mobilisation advances and administrative abuse.
FD diversion and interest loss Murthy Yadav alleged that ₹75 crore received from the Income Tax Department, initially deposited in a public sector bank, was diverted to a private bank branch in Rajamahendravaram, leading to a loss of about ₹1 crore in interest. He named several officials, including the Commissioner and the Chief Accounts Officer, along with an outsourcing employee he accused of steering VMRDA’s financial decisions for 16 years. Seeking a forensic audit, he also claimed that around ₹120 crore in fixed deposits was liquidated between January and July, threatening the authority’s sinking fund.
Guest house stay without rent Murthy Yadav accused a senior VMRDA secretary of occupying the Gurajada Kalakshetram guest house for two years without paying rent or electricity bills, while drawing House Rent Allowance. He also alleged that security service tenders were bypassed to collect monthly rents, and that over 100 staff members were recruited irregularly through a private agency. He sought a facial recognition system to monitor daily attendance. Irregular software advance The complaint alleged that a ₹45 lakh mobilisation advance was paid, in violation of norms, to an Amaravati-based software firm for developing mobile applications, and drew a parallel to past allegations involving the current Commissioner.
Murthy Yadav asked the district administration and the State government to take legal action against the officials responsible, to protect the authority’s finances.
The BriefWire