Photo Courtesy: The Hindu

Sitting MP from Nandyal constituency in Andhra Pradesh S P Y Reddy died on Tuesday after prolonged illness at the age of 69.

He was suffering with lung infection and was admitted in a private hospital in Hyderabad.

Reddy was a prominent industrialist promoting Nandi group of companies. He is the founder and chairman of Nandi group of companies, which is diversified into PVC pipes, cement, infrastructure, agro products, and dairy industries.

Few days back, Central Bureau of Investigation (CBI) has conducted the raids at the residence of Nandyal sitting MP and Janasena MP candidate SYP Reddy for alleged defaulting on loans worth Rs 500 crore.

He was elected to the Lok Sabha from Nandyal in 2004 and 2009 as Congress candidate. In 2014, he won the seat as YSR Congress nominee, but jumped into the ruling Telugu Desam soon after the election.

As the TDP leadership denied him the Nandyal ticket this time, Reddy joined the Jana Sena Party and fought the April 11 election from the hospital bed.

Chief Minister N Chandrababu Naidu condoled his death.