TRS Candidate Declares Rs 500 Crore Assets

Posted : April 8, 2014 at 1:06 pm IST by ManaTeluguMovies

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TRS candidate from Chevella Lok Sabha constituency in Telangana, Konda Visweswar Reddy, has declared that he and his family owns assets worth over Rs 500 crore.

According to the affidavit accompanying his nomination, Reddy, son-in-law of Apollo Hospitals founder Pratap C Reddy, has movable assets of Rs 171.72 crore. His wife Sangita Reddy, a director in the Apollo Hospitals group, has assets of Rs 243.27 crore. Interestingly, Reddy relates to Ram Charan as he married Upasna Kamineni, grand daughter of Pratap C. Reddy.

Reddy declared that his family – including the couple’s sons – together has movable assets of Rs 478 crore, comprising investments and deposits. The immovable assets are worth about Rs 50 crore, the affidavit said. The family has liabilities of over Rs 7.40 crore. Viswewar Reddy, with an IT background, had worked with Wipro, GE Health Care, now heads Citadel Research. Visweswar has both political lineage and business relations.