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Auction of a gold bracelet by former Congress MLA 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 Congress vice-president Rahul Gandhi 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.