Vishweshwar Reddy richest man in T; KCR has no car
Telangana Rashtra Samithi (TRS) chief K Chandrasekhar Rao (KCR), who filed his nomination papers for Medak Lok Sabha on the last day of filing nomination on April 9, has declared his total assets at Rs 16, 94, 82,464 but declared that neither he nor his family owns any vehicle.
Incidentally, the election symbol of TRS is a car. KCR has Rs 9,90,000 cash in hand and pegged his income in the financial year 2012-13 at Rs 6, 59,684. As per the affidavit filed along with the nomination papers, the TRS chief, who has declared business and agriculture as his profession, has liabilities of Rs seven crore, including a loan.
According to the affidavit, KCR has 60 gram jewellery worth Rs 1,80,000 while his wife Shobha has Rs 1,50,000 cash in hand and 650 gram jewellery worth Rs 19,50,000. KCR has two pending cases against him wherein charges have been framed by respective courts under offences punishable with imprisonment of up to two years.
However, TRS candidate from Chevella Lok Sabha seat, Konda Vishweshwar Reddy, has declared that his family has assets worth over Rs 528 crore making him the richest politician in Telangana.
In an affidavit submitted to the EC, Mr Reddy, who is son- in-law of Pratap C Reddy of Apollo Hospitals, has sworn that he had assets worth Rs 528,62,30,210 in the form of cash, gold ornaments, shares in various firms and immovable property.
In his affidavit submitted to the EC, Mr Vishweshwar Reddy has declared that he holds assets worth Rs 171,72, 69,324, his wife Sangeetha Reddy, who is MD of Apollo Hospitals, has assets worth Rs 243,27,40,262 and his three sons together hold assets worth Rs 63,90,60,724.
He has disclosed that a major part of his assets comprise shares in Apollo Hospitals.
His family also has shares worth several crores in Andhra Petro, Andhra Sugars, Citadel Research and Solutions, Stephan Design and Engineering, Health Care (India) Ltd, Dr Reddy's Labs, KAR Motors Ltd, KAR Auto Pvt Ltd, Citadel Agro Pvt Ltd, Adventure Trails India Pvt Ltd.
He also has 50 acres of agriculture land, residence and commercial buildings in Banjara Hills.
His wife has gold and diamond ornaments worth Rs 3 crore. He has loans from various banks and financial institutions worth 86 lakh, while his wife has loans of Rs 6.56 crore.
(Posted on 11-04-2014)