In the wake of criticism in political circles the Telugu Desam President Nara Chandra Babu Naidu has declared his assets and liabilities of his family at a press meet held in NTR Trust Bhavan today.
As per the declaration; Naidu himself is having the property of Rs. 39.99 lakhs of the total assets are stood at Rs.39.88 crore. The Jubille Hills residence of former Chief Minister cost him at just Rs. 23.20 lakh which is also under the hypothetication of Vijaya bank. He also has one Ambassdor car which costs Rs. 1.50 lakh.
The remaining property belongs to his wife Bhuvaneswari, son Lokesh and daughter-in-law Brahmani. His wife Bhuwaneswari is having the property worth of Rs. 39.77 crores and debts of 12 crores. Besides that she is having a house at Panjagutta of Hyderabad which is built in 650 Yards. At Madinaguda nearby city she has five acres of land also has the gold and diamonds worth of Rs.30 lakhs.
His family has invested Rs. 19 crores in Heritage products factory and the 2.5 acres estate of Chennai is also pledged to Bank, he said. The son Lokesh who is in a media business has the assets of Rs. 6.73 crore and daughter Brahmani has assets worth of 3.50 crore.
All these assets had the value, at the time purchasing. He couldn’t declare the present rates of his assets.
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