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Naidu & family has Rs.63.95 cr assets
Andhra Pradesh Chief Minister N Chandrababu Naidu has declared the assets owned by his family for the fourth consecutive year.
- His assets rise to Rs.70 lakh from Rs.42.06 lakh
- Calls upon party leaders to follow in his footsteps
Hyderabad: Andhra Pradesh Chief Minister N Chandrababu Naidu has declared the assets owned by his family for the fourth consecutive year. He said he and his family members owned assets worth Rs 63.95 crore in 2013-14 as against Rs 41.07 crore in the previous financial year.
Naidu said his assets were worth Rs 70. 69 lakh as against Rs 42.06 lakh last year, his wife Bhuvaneswari had assets worth Rs 46.88 crore (Rs 33.05 crore last year), son Lokesh has assets worth Rs 11.04 crore and daughter-in-law Brahmani's assets increased to Rs 5.32 crore from Rs 3.31 crore last year. Increase in PF fund, accumulation of gold and jewellery and the share value in Nirvana holdings were the main reasons for the increase of assets this year. Naidu called upon all his party leaders and cabinet colleagues to follow in his footsteps and disclose their assets.
The Chief Minister said Heritage Foods Ltd, for which Bhuvaneshwari was Vice Chairman and Managing Director, registered Rs 1,722 crore turnover earning a net profit of Rs 47.31 crore.
The company had spread operations in seven states by setting up retail outlets providing direct employment to 3,800 people.
To a query, he said all the promises made by TDP would be fulfilled in a phased manner and the government would strive hard for overall development in the State.
