Vishweshwar Reddy is richest with `513 cr
Hyderabad: Telangana Rashtra Samithi Chevella constituency MP candidate Konda Vishweshwar Reddy, who filed his nomination papers on Saturday, disclosed assets worth Rs 513 crore.
Reddy, his wife and Apollo Hospitals executive director K Sangita Reddy and three children hold collective assets worth Rs 513 crore, excluding insurance policies. Of these, the family's movable assets amount to Rs 463 crore, while the immovable assets are worth Rs 49 crore.
The family has shares in a number of listed and unlisted companies which make up a large portion of their movable assets. Apart from shares, Sangita Reddy has declared that she has gold ornaments, diamonds and precious stones weighing 7.3 kg worth Rs 2.76 crore.
In addition, she also possesses silver articles weighing 64.50 kg that are worth Rs 27.73 lakh. Surprisingly, the KVR family does not own any motor vehicles.
Among the list of immovable assets, KVR and his family have nearly 70 acre agricultural land in Chevella village and Dharmasagar, both in Chevella mandal and Puppalguda village in Rajendranagar mandal.
Sangita Reddy owns agricultural land in K R Puram in Bengaluru. The family has a residential house in Road No 13 of Banjara Hills, which was inherited by KVR, valued at Rs 15.49 crore.
News Posted: 8 April, 2014
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