Vishweshwar Reddy of BJP is the richest in Lok Sabha race so far

Former MP and BJP candidate from Chevella Lok Sabha constituency Konda Vishweshwar Reddy has emerged as the richest candidate in the election fray so far.

Mr. Vishweshwar Reddy, his wife K. Sangita Reddy and son K. Viraj Madhav Reddy have declared movable and immovable assets worth ₹4,568 crore in his election a›davit submitted along with the nomination papers œled on Monday. Mr. Vishweshwar Reddy and Ms. Sangita Reddy have movable assets of ₹1,178. 72 crore and ₹3,203.9 crore respectively, while Mr. Viraj Madhav Reddy has assets worth ₹107.44 crore.

A major chunk of the movable assets, as declared by Mr. Vishweshwar Reddy and his wife, are their shares in Apollo Hospital Enterprises Limited with a current market value of ₹973.22 crore and ₹1,500.85 crore respectively. Ms. Sangita Reddy has gold ornaments, diamonds and other precious metals worth ₹10.4 crore in addition to receivables of ₹35.82 crore from di¢erent individuals and entities, according to the a›davit.

Mr. Vishweshwar Reddy’s immovable assets are primarily in the form of lands in neighbouring Rangareddy district estimated at ₹71.35 crore while Ms. Sangita Reddy’s immovable assets are worth ₹5.51 crore. The dues/liabilities of the couple are estimated at ₹13.82 crore of which Mr. Vishweshwar Reddy accounts for ₹1.76 crore.

Mr. Vishweshwar Reddy declared that there were cases pending against him relating to bribery in elections, criminal conspiracy to commit an o¢ence, tampering or manipulating computer systems, disobedience to order promulgated by a public servant and forgery, cheating.

NAGARA GOPAL Konda Vishweshwar Reddy (third from right) at the Rajendranagar MRO oice after filing his nomination in Hyderabad on Monday. With him are his wife Sangita Reddy, Union Minister Piyush Goyal and Rajya Sabha MP K. Laxman (second from left).