According to the affidavit filed by him, Vivek and his spouse have liabilities or loans worth Rs 41.5 crore.
As the most rich candidate with acknowledged assets above Rs 600 crore, G Vivekananda, the Congress contender for the Chennur constituency in the forthcoming meeting polls on November 30, stands out. Nearly behind with assets above Rs 460 crore is P Srinivas Reddy of the identical social gathering.
Mr Vivek and his spouse personal movable assets valued at Rs 377 crore, largely shares in varied firms together with his personal Visaka Industries, which was based in 1981. The household’s immovable assets stood at over Rs 225 crore.
According to the affidavit filed by him, Vivek and his spouse have liabilities or loans worth Rs 41.5 crore. Mr Vivek’s annual earnings grew to Rs 6.26 crore throughout the final fiscal from Rs 4.66 crore in FY19 whereas that of his spouse rose to Rs 9.61 crore from Rs 6.09 crore throughout the identical interval.
P Srinivas Reddy who is contesting from Palair meeting constituency declared wealth to the tune of Rs 460 crore, each movable and immovable, with Rs 44 crore liabilities. On the day of submitting nomination papers, November 9, the Income Tax Department performed searches at Srinivas Reddy’s residences and places of work right here and in Khammam.
Mr Reddy referred to as the searches ‘politically motivated.’ Another Congress candidate Raj Gopal Reddy’s earnings in 2022-23 grew to a whopping Rs 71.17 crore from Rs 36.6 lakh in FY19, his affidavit stated.
His household’s whole assets stood at Rs 459 crore. The Congress candidate from Munugode holds 1.24 crore shares in his firm Sushee Infra and Mining Ltd whose guide worth was ₹ 239 crore.
Mr Reddy’s household has immovable assets worth Rs 157 crore with liabilities at Rs 4.14 crore, the affidavit stated. BRS candidate Pailla Shekar Reddy declared Rs 227 crore worth of assets belonging to his household with over Rs 83 crore liabilities.
Telangana Chief Minister Okay Chandrasekhar Rao has declared household assets worth practically Rs 59 crore, together with “Hindu Undivided Family” and liabilities of Rs 25 crore.
According to the election affidavit, he doesn’t personal a automobile. As many as 4,798 candidates from varied events filed 5,716 units of nominations for the 119 meeting seats in Telangana.
The nominations can be scrutinized on November 13 and November 15 is the final date for withdrawal of candidatures, in accordance with the schedule of election. Polling will likely be held on November 30 and counting of votes will likely be taken up on December 3.
(with inputs from ANI)
