The assets of the first family of the ruling Telangana Rashtra Samithi (TRS) in the state has grown by a considerable percentage over the last four years, a look at the affidavits filed by K Chandrasekhar Rao, his son, K Tarakarama Rao, and nephew, Thanneeru Harish Rao in 2014 and 2018 revealed.
According to the affidavit filed by KCR last week, the TRS chief shows his total annual income as per the financial year of 2017-18 as Rs 1,10,25,210, as compared to Rs 6,59,684 that he earned in the financial year 2012-13. In his affidavit, KCR also said that he had a net agricultural income of Rs 91,52,657.
As far as his movable assets are concerned, KCR has Rs 2,40,000 cash in hand, compared to Rs 9,90,000 in his previous affidavit. His wife has Rs 93,595 cash in hand, compared to Rs 1,50,000 in 2014.
KCR also said that his bank account balance was Rs 5,63,73,946 in 2018, compared to Rs 44,66,327 in 2014.
His investment of Rs 55,00,000 in Telangana Broadcasting Pvt Ltd (which runs T News) and Rs 4,16,25,00 in Telangana Publication Private Limited (Which runs Telangana Today) remains unchanged.
As far as jewellery is concerned, KCR has 75 grams of gold worth Rs 2,40,000. This increased from 60 grams of gold in 2014, which was worth Rs 1,80,000.
His wife Shobha Rao owns 2,200 grams of gold, diamonds and valuable gemstones worth Rs 93,66,184, compared to 650 grams worth Rs 19,50,000 in 2014.
It must be noted that KCR also has taken loans from KTR and KTR’s wife, which he has shown in the form of liabilities.
In 2018, KCR has gross total movable assets of Rs 11,35,37,725 and gross total immovable assets worth Rs 12,20,00,000, which brings his gross total assets to Rs 20,23,85,295.
In 2014, the same figures respectively were Rs 6,50,82,464 and Rs 8,65,00,000, which means that his gross total assets were worth Rs 15,15,82,464 four years ago.
KCR saw an increase of 55.39% in his assets.
K T Rama Rao
KTR saw the highest jump in his assets.
KT Rama Rao’s total annual income for the financial year 2017-18 was Rs 74.6 lakh, compared to Rs 29,59,219 in 2014. However, his wife, Shaimila Kalvakuntla's income has seen a massive jump from Rs 21,50,720 in 2014 to Rs 4,59,53,822 in the latest affidavit.
Cash in hand has decreased for both KTR (Rs 1,42,594 from Rs 6,25,000) and Shaimila (Rs 1,08,231 from Rs 7,56,300)
The couple’s bank balance also shot up. KTR’s increased from Rs 3,93,920 in 2014 to Rs 34,36,131. Meanwhile, his wife's bank balance also increased from Rs 20,92,439 to Rs 1,06,98,043. Rs 19,59,692 was also deposited in a bank account on his daughter's name.
While KTR has invested Rs 47,78,669 in shares and bonds, his wife has invested Rs 22,50,05,539. The family also owns one car, a Toyota Innova.
As far as jewellery is concerned, KTR owns 100 grams of gold worth Rs 2.5 lakh, while his wife owns 3.9 kg of gold ornaments and diamonds worth Rs 1,09,05,000 -- an increase from 3.5kg worth Rs 87,50,000 in 2014.
In 2018, KTR and his spouse disclosed total movable assets worth Rs 31,53,59,828 and total immovable assets worth Rs 10,29,34,600 bringing his gross total assets to Rs 41,82,94,428.
The numbers respective for 2014 was Rs 5,11,25,759 and Rs 2,87,53,690, bringing his total assets to Rs 7,98,79,449. This means that his total increase in assets is 423.657%
Thanneeru Harish Rao
In his latest affidavit, Thanneeru Harish Rao's annual income was Rs 20,39,110, as opposed to Rs 6,44,349 in 2014. His wife showed an income of Rs 2,25,03,681 in 2018, compared to Rs 10,54,300 in 2014.
Harish Rao had Rs 2,75,440 cash in hand while his spouse had Rs 2,21,122 in 2018, as compared to Rs 18 lakh and 8 lakh respectively in 2014.
The gross total value of Harish Rao's movable assets is Rs 1,00,47,423 compared to Rs 90,80,719 in 2014, while his wife's movable assets were Rs 3,87,72,302 compared to 1,60,78,889 in the previous affidavit.
As far as his immovable assets were concerned, he had a total of Rs 3,46,00,000, a massive jump from Rs 45,00,000, while his wife declared immovable assets worth Rs 3,10,00,000. In 2014, his wife had declared no immovable assets.
Harish Rao and his spouse declared a gross total assets of Rs 11,44,83,799 in 2018 compared to Rs 2,96,59,608 in 2014, an increase of 285.992%.