The YSR Congress party on Tuesday demanded that the Congress government should order an investigation against Telugu Desam Party president N Chandrababu Naidu for violations of Foreign Exchange Management Act (FEMA) and Money Laundering Act in the wake of allegations that he had bank accounts in foreign countries.

“Instead of denying or challenging allegations that he has some 15 accounts in foreign banks under various names, Naidu resorted to questioning the credentials of Kola Krishna Mohan who levelled these allegations and also Sakshi daily that published them,” YSR Congress party spokesperson Gattu Ramachandra Rao said.

He wondered why the TDP leader had taken more than 10 days to react on the bank accounts issue, which was enough time to erase or manipulate the evidence. “The allegations were not levelled by the TDP’s political opponent but by Kola Krishna Mohan who was a TDP member in the past and an aspirant for the party ticket for Lok Sabha seat. There is every need for Chandrababu Naidu to tell the truth about the 15 foreign bank account numbers released by Kola,” he said.

Gattu reminded that  there was no denial on part of Naidu about his bank account in Singapore or other places named by Kola.

“In the fresh revelation Kola had given 11 names and the foreign bank accounts to which Naidu said that some of the persons do not exist. That exactly is the point as the persons are all fictitious names opened by Naidu himself,” Gattu said, adding that the party had already written this matter to ED and would pursue the matter further.