Hyderabad, July 17: We knew that The chairman of Keshava Reddy Educational Institutions, which runs 40 schools in Andhra Pradesh and Telangana, was arrested by the Kurnool police for allegedly collecting a total of Rs 570 crore as deposits from parents of his students and not redeeming them.
From this perspective, In order to save the Children's life, The Sri Chaitanya Institute has come forward here on Monday.
This decision was taken in view of the future of students studying in Kesava Reddy educational institutes, Sri Chaitanya officials said.
Sri Chaitanya official further said that, While the members of the AP Minister Narayana are running the Narayana and Sri Chaitanya in the past, the schools of all major towns in Telugu states.
Earlier, Mr. Keshava Reddy signed promissory notes pledging to pay monthly interest to 11,000 depositors and 800 other individuals, but failed to repay them and the aggrieved filed complaints with the police, Kurnool Superintendent of Police Ake Ravikrishna said.