Telangana polls: 2 Congress candidates in fray richest; G Vivek tops list
Chennur Congress candidate G Vivekananda is the richest politician with declared assets worth over ₹600 crore, while P Srinivas Reddy from the same party has assets worth over ₹460 crore
Among all the contestants in the fray in the November 30 Telangana assembly elections, two Congress leaders have turned out to be the richest candidates.
The Chennur Congress candidate G Vivekananda is the richest politician with declared assets worth over ₹600 crore, while P Srinivas Reddy from the same party has assets worth over ₹460 crore.
Vivek and his wife own movable assets valued at ₹377 crore, mostly shares in various companies including his own Visaka Industries, which was founded in 1981. The family’s immovable assets stood at over ₹225 crore.
According to the affidavit filed by him, Vivek and his wife have liabilities or loans worth ₹41.5 crore. Vivek’s annual income grew to ₹6.26 crore during the last fiscal from ₹4.66 crore in FY19, while that of his wife rose to ₹9.61 crore from ₹6.09 crore during the same period.
Tax raids
Meanwhile, P Srinivas Reddy, who is contesting from Palair assembly constituency declared wealth to the tune of ₹460 crore, both movable and immovable, with ₹44 crore liabilities.
On the day of filing nomination papers, November 9, the Income Tax Department conducted searches at Srinivas Reddy’s residences and offices in Hyderabad and in Khammam.
Reddy called the searches 'politically motivated.'
Another Congress candidate Raj Gopal Reddy’s income in 2022-23 grew to a whopping ₹71.17 crore from ₹36.6 lakh in FY19, his affidavit said.
His family’s total assets stood at ₹459 crore. The Congress candidate from Munugode holds 1.24 crore shares in his company Sushee Infra and Mining Ltd whose book value was ₹239 crore. Reddy’s family has immovable assets worth ₹157 crore with liabilities at ₹4.14 crore, the affidavit said.
BRS candidate Pailla Shekar Reddy declared ₹227 crore worth of assets belonging to his family with over ₹83 crore liabilities.
Telangana CM's assets
Telangana Chief Minister K Chandrasekhar Rao, however, has declared family assets worth nearly ₹59 crore, including “Hindu Undivided Family” and liabilities of ₹25 crore. According to the election affidavit, he does not own a car.
As many as 4,798 candidates from various parties filed 5,716 sets of nominations for the 119 assembly seats in Telangana.
The nominations would be scrutinised on November 13 and November 15 is the last date for withdrawal of candidatures, according to the schedule of election.
Polling will be held on November 30 and counting of votes will be taken up on December 3.
(With agency inputs)
