TDP president N Chandrababu Naidu on Wednesday said he has no connection with the seizure of Rs 7 crore from party leader P Haribabu's vehicle in Anantapur district last week.
"I have no connection with the issue. The Congress leaders are making baseless allegations, it only exposes their bankruptcy," Chandrababu told reporters in Vizianagaram.
Local Congress leaders in Anantapur have alleged that the seized money belonged to the TDP chief.
Chandrababu is on a two-day tour to Vizianagaram district in north coastal Andhra region. He said many TDP leaders were running various businesses. "If there is any wrongdoing on anyone's part, the government can take necessary action".
The Anantapur district police recovered Rs 7 crore from Haribabu's father last week during a routine vehicle checking at Kadiri. Haribabu claimed the money belonged to his friends and was meant for purchase of mining and quarrying equipment.
The Income Tax department subsequently conducted raids on Haribabu's residence.
The police later handed over the seized money to the IT department.