Telangana assembly elections 2018: KCR declares assets, has assets worth ₹22.60 crore
KCR has submitted an affidavit declaring his assets to the returning officer of the Election Commission along with his nomination papers for Gajwel assembly seat on Wednesday. The poll body uploaded the affidavit on its website in the night.
Telangana Rashtra Samithi president and chief minister K Chandrasekhar Rao has assets worth ₹22.60 crore and an annual income of ₹2.07 crore but does not own any cars.
KCR, as he is popularly known, submitted an affidavit declaring his assets to the returning officer of the Election Commission along with his nomination papers for Gajwel assembly seat on Wednesday. The poll body uploaded the affidavit on its website in the night.
The chief minister has declared his profession as an agriculturist and said his wife K Shobha is a housewife. According to the affidavit, the total movable assets of the chief minister are worth ₹10.40 crore and immovable assets are worth ₹12.20 crore.
The immovable assets include his 54-acre agricultural land at Erravelli village of Jagdevpur block in Siddipet district, which is worth ₹6.50 crore. He owns a house in Hyderabad and another in Karimnagar, both worth ₹5.10 crore. He also has 2.04 acre non-agriculture land in Siddipet district valued at ₹60 lakh. His wife has movable assets of ₹94.60 crore.
However, neither KCR nor his wife owns any car, notwithstanding the fact that he travels in a convoy of swanky official vehicles.
While KCR owns 75 grams of gold jewellery worth ₹2.40 lakh and has ₹2.40 lakh cash in hand, Shobha has 2,200 grams of gold jewellery, diamonds and gems and stones worth ₹93.66 lakh and ₹93,595 cash in hand.
KCR also declared that he has liabilities to the tune of ₹8.88 crore in the form of unsecured loans, including ₹82.87 lakh borrowed from his son KT Rama Rao and ₹24.60 lakh from his daughter-in-law Shailima. He has no bank loans.
During the 2014 elections, the TRS president had declared his total assets worth ₹16.94 crore and an income of ₹6 59 lakh as per 2012-13 income tax return.
