Naidu owns only 2.99 cr out of `88 cr family assets WEALTH NUMBERS

The wife and grandson of AP Chief Minister Mr. N Chandrababu Naidu are richer than him. AP minister for IT and Panchayatraj Mr N Lokesh announced his family assets and asked political leaders to stop baseless allegations against their family. He claimed that the family had challenged their opponents to prove corruption allegations levelled against them but in vain.

Addressing a press meet at the CM’s residence at Undavalli of Amaravati on Wednesday, Mr Lokesh announced that the total assets of their family was

`88.66 cr. in which `2.9 crore belonged to AP State Chief Minister Mr N Chandrababu Naidu,

`31.01 crore. belonged to Nara Bhuvaneswari,

`21.40 crore. belonged to him, `7.72 crore. belonged to Nara Brahmini, `18.71 crore. belonged to Devansh and `6.83 crore. belonged to Nirvana Holdings that belonged to the Nara family.

Mr Lokesh said that for the past seven years they were announcing their assets and this was the eighth year. He mentioned that his father Mr Naidu’s net assets was `2.99 crore. out of the total `8.31 crore. assets in which Mr Naidu took `5.31 crore as housing loan from a bank dropping his net assets to `2.99 crore. He said that the total net assets of Ms Bhuvaneswari was `31.01 crore and said that the values were purchased costs and not market values.

Compared to 2016-17 fiscal, net assets of Mr. Naidu has increased by

`46 lakh in 2017-18. Similarly, net assets of Bhuvaneswari increased by `7 cr. (liabilities increased by `2 crore), net assets of Mr Lokesh increased by `90 lakh (liabilities reduced by `6 crore), net assets of Brahmini reduced by `2 crore (liabilities increased by `5 crore), net assets of Devansh increased by `7.20 crore.

Mr Lokesh has asked presidents of other political parties like YSRC, Janasena and BJP, namely Mr Y.S. Jagan Mohan Reddy, Mr K. Pawan Kalyan and Mr Kanna Lakshminarayana to disclose

Net assets of Lokesh increased by `90 lakh (liabilities reduced by `6 cr)

Net assets of Brahmini (Lokesh’s wife) reduced by `2 crore (liabilities increased by `5 crore)

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their assets to the public.

Mr Lokesh has said that he will go to Kukatpally for election campaign on the orders of the TD high command and stated that Mr Naidu was actively participating and leading national politics hence he

will act according to wishes of Mr. Naidu. He alleged that Agri Gold scam was registered during the YS Rajasekhar Reddy government and TD government was working to do justice for the victims.