Ex-CM N Chandrababu Naidu’s assets rise 41% to Rs 810 crore in five years

PTI

Amaravati, April 19

The assets of former Chief Minister N Chandrababu Naidu and his family grew by over 41 per cent in the past five years to Rs 810.42 crore, according to an affidavit filed with the Election Commission on Friday.

Still owns one Ambassador car

• Former CM Naidu owns only one Ambassador car valued at Rs 2.25 lakh
• Individually owns movable assets worth Rs 4.80 lakh and immovable assets worth Rs 36.31 lakh
• Name is mentioned in as many as 24 FIRs related to various cases

Naidu’s wife N Bhuvaneswari on Friday filed the nomination on behalf of her husband at Kuppam for the Andhra Pradesh Assembly election, which is to take place on May 13.

Bhuvaneswari owns the lion’s share of the assets as she holds 2.26 crore shares of Heritage Foods Ltd worth Rs 337.85 apiece (market value). The total value of the shareholding stands at nearly Rs 764 crore as against Rs 545.76 crore in 2019.

In 2019, Naidu’s family owned assets, both movable and immovable, worth Rs 574.3 crore, as per the affidavit filed by the TDP chief for the last Assembly polls. Bhuvaneswari also possesses 3.4 kg of gold and nearly 41.5 kg silver.

The TDP leader individually owns movable assets worth Rs 4.80 lakh and immovable assets worth Rs 36.31 lakh, and the family has total liabilities of over Rs 10 crore. The former CM also owns one Ambassador car valued at Rs 2.25 lakh.

Naidu’s name is mentioned in as many as 24 FIRs related to various cases, the affidavit said.

Meanwhile, a TDP release said, "Nara Bhuvaneswari, wife of former CM N Chandrababu Naidu, today filed the official nomination on behalf of TDP chief in Kuppam."

After filing the nomination on behalf of Chandrababu Naidu, Bhuvaneswari urged the public to ensure that no other flag flutters in Kuppam other than the TDP's. The TDP, BJP and Janasena are a part of the National Democratic Alliance (NDA) in the state.

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