M A I N   N E W S

Jagan has assets worth Rs 365 cr
Suresh Dharur/TNS

Hyderabad, April 15
If elected to the Lok Sabha in the May 8 byelection from Kadapa in Andhra Pradesh, YSR Congress Party president YS Jaganmohan Reddy will become the richest MP in the country with declared assets of Rs 365 crore.

In an affidavit submitted before the Election Commission today, Jagan, who is seeking re-election from Kadapa after quitting the Congress last November and floating his own regional party, declared that he owned assets worth Rs 365.68 crore while his wife Y Bharathi had assets worth Rs 41.44 crore.

In the present Lok Sabha, Telugu Desam Partyís Khammam MP Nama Nageshwara Rao is the richest with assets of Rs 177 crore.

Jagan, whose party is facing its maiden political battle, declared that he did not own a vehicle. The 38-year-old industrialist-turned-politician and son of charismatic former Chief Minister late YS Rajasekhar Reddy submitted his nomination papers, along with the affidavit, before the Returning Officer at Kadapa. Jaganís mother, Vijayamma is also seeking re-election from Pulivendula Assembly seat.

Before filing his papers, Jagan visited his fatherís grave at the family estate in Idupulapaya, besides seeking the blessings of his mother. Accompanied by a large number of his supporters, he arrived at the office of the Returning Officer in a massive procession. He was accompanied by Konda Surekha and Karunakakar Reddy, the Congress MLAs owing allegiance to him, and actress-turned-politician Roja.

From a small-time realtor, who used to occasionally help his father in poll campaigns to a high-profile industrialist with interests in power, infrastructure, cement and media, Jaganís rise has been phenomenal and so were the controversies surrounding him.

The growth of his business empire is only matched by the brazenness of his political ambitions and Jagan has often been under attack by Opposition parties for ďirregularitiesĒ in business deals. The Opposition charge is that his empire has been built through questionable means. Jagan has been projecting himself as the sole successor to his fatherís political legacy.

5-fold jump in 2 yrs!

* When Jagan first entered the poll fray in April 2009 under the watchful eyes of his father, he had declared assets of Rs 77.4 crore.

* On Friday, he declared assets of Rs 365.68 crore, a nearly five-fold growth in two years

* As per I-T returns submitted by YSR before the 2004 elections when Jagan was yet to enter politics, Jaganís assets were worth merely Rs 9.18 lakh.





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