You are here: Home » PTI Stories » National » News
Business Standard

'Auction' of gold bracelet by Cong leader fetches Rs 20 lakh

Press Trust of India  |  Hyderabad 

Auction of a gold bracelet by former T Jayaprakash Reddy, popularly known as Jagga Reddy, today fetched Rs 20 lakh.

Reddy, who had been gifted the bracelet by senior party leader V Hanumantha Rao, said he would donate the money for farmers' welfare.

Rao, a former MP, presented the gold bracelet to Reddy for successfully organising a public meeting addressed by vice-president at Sangareddy recently.

Rao gifted the bracelet to him following a suggestion made by Gandhi in a lighter vein, Reddy told reporters.

A businessman purchased the bracelet at the auction here for Rs 20 lakh. Reddy said he would donate the money for the welfare of farmers.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, June 16 2017. 23:22 IST