Hyderabad:
The belongings of Nara Lokesh, the son of former Chief Minister N Chandrababu Naidu, and his spouse rose from Rs 373 crore in 2019 to Rs 542 crore – a whopping rise of 45 per cent during the last 5 years.
Within the affidavit submitted by him because the Telugu Desam Celebration (TDP) MLA candidate for the Mangalagiri Meeting constituency, Mr Lokesh made public that the worth of his belongings, together with his spouse and dependent son, was Rs 542 crore, up 169 crore from 2019.
There are 24 prison circumstances in opposition to 41-year-old Nara Lokesh, with the Amaravati Internal Highway (IRR) rip-off one amongst them.
The movable belongings that Mr Lokesh, his spouse Brahmani, and their son possess are valued at Rs 394 crore. These belongings principally encompass shares in Heritage Meals, Heritage Finlease, Nirvana Holdings, and Megabid Finance.
The properties, which make up the immovable belongings, that Mr Lokesh and his household possess in Hyderabad’s Jubilee Hills, Manikonda, Madinaguda, and Madhapur are valued at Rs 148 crore.
In 2022-2023, Mr Lokesh and his household’s income from firm, dividends, wages, and leases was Rs 9 crore, whereas their obligations totalled Rs 18 crore.
Mr Lokesh, who accomplished his MBA from Stanford College, asserts that he’s a politician within the social service discipline.
Elections for the 175-member Meeting and 25 Lok Sabha seats in Andhra Pradesh are scheduled to be held on Might 13.
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