TTD to release white paper on Srivani Trust funds, warns legal action against fake fraud claims

Tirumala: The Tirumala Tirupati Devasthanam (TTD) Trust Board under the Chairmanship of YV Subba Reddy has decided to release the white paper on the Srivani (Sri Venkateswara Alaya Nirmana) Trust funds. The TTD has also resolved to take legal action against vested interests who lay false allegations on the usage of funds of the Srivani Trust for political and personal mileage.

Talking to media persons at Annamaiah Bhavan in Tirumala on Monday, the TTD chairman along with the TTD EO Dharma Reddy said that as a part of the propagation of Hindu Sanatana Dharma TTD established the Srivani Trust in 2019 with a noble intention to take up the construction of temples in SC, ST, BC and fishermen colonies, restoration of ancient temples under the funds of Sri Venkateswara Alaya Nirmana (Srivani) Trust.

“Out of 2,445 temples, 326 are already completed while the remaining are underway with the funds of Srivani Trust in both the Telugu states, Tamilnadu, Karnataka and Pondicherry. The TTD has released white papers on its properties and gold deposits on June 21 in 2021 and on November 5 in 2022 in a transparent manner,” said Subba Reddy.

Brushing aside the allegations by some vested interests about misuse and diversion of Srivani funds, Subba Reddy asserted every single penny is utilised in a transparent manner towards the construction of temples. “The EO has already clarified on the utilisation of funds under the Srivani Trust towards the construction of various temples to the media on January 23 this year,” he added.

Elaborating he said, “Under Srivani, TTD provides darshan to 1,000 devotees on a day which includes 500 online and remaining issued at the JEO Office in Tirumala. As soon as the devotee pays Rs 10,500 (Rs 10,000 towards the trust as a donation and Rs 500 towards the darshan ticket), a receipt will be generated for them. TTD has opened up a separate account for Srivani. If anyone has any doubts regarding this, they can verify the account,” he said.