Telangana polls: K Chandrasekhar Rao owns no car, declares assets worth over ₹25 crore

The total current market value of immovable assets in Rao's name was about ₹8.50 crore, it is about ₹15 crore in the name of HUF. The grand total of liabilities of Rao was over ₹17 crore while that of the HUF was over ₹7.23 crore.

Rao's total income as per IT returns was over ₹1.60 crore as on March 31, 2023, while it was ₹1.74 crore as of March 31, 2019.

The income of Rao's wife was over ₹8.68 lakh as of March 31, 2023, and a receipt/transfer of ₹7.88 crore from K Chandrasekhar Rao-HUF.

The total income was over ₹34 lakh in the name of HUF as of March 31, 2023, and net agriculture income was over ₹1.44 crore.

The agricultural lands are in the name of HUF.

The affidavit showed Rao as an agriculturist and his educational qualification is BA.

The HUF owns several vehicles, including tractors.

There are nine cases pending against him, all booked during the Telangana statehood agitation. He also stated that he had not been convicted of any criminal offences.

Meanwhile, Rao's son and BRS Working President KT Rama Rao disclosed total movable assets worth ₹6.92 crore in the affidavit submitted by him while filing his nomination.

The worth of movable assets has gone up from the ₹3.63 crore declared in 2018.

According to the affidavit, Rama Rao's wife Shailima has movable assets worth ₹2.64 crore and their daughter K Alekhya has movable assets worth ₹1.43 crore.

Similarly, Rama Rao's immovable assets of ₹10.4 crore (market value) increased when compared to immovable assets of ₹1.30 crore in 2018.

His wife has immovable assets of ₹7.42 crore and their daughter has immovable assets worth ₹46.7 lakh.

Rama Rao also has liabilities of ₹67.2 lakh while his wife has liabilities of ₹11.2 crore.

As per the affidavit, the BRS working president declared that he owns one car and 100 grams of gold ornaments while his wife has 4.7 kg gold ornaments and diamonds.

Rama Rao’s total annual income shown in IT return as per the financial year of 2022-23 was ₹11.6 lakh, compared to ₹1.14 crore income as on March 31, 2019.

Rama Rao is facing seven criminal cases which were filed during the separate Telangana Statehood agitation. The BRS leader said he was convicted in a 2012 case under the Railways Act. However, no punishment was imposed as the trial court extended the benefit under the provisions of the Probation of Offenders Act and all the accused were released after due admonition.

Rama Rao called himself a 'politician' and an 'agriculturist', while his wife's profession has been listed as 'business' and an 'agriculturist'.

 

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