HYDERABAD: Under attack from foes and allies, Telugu Desam Party (TDP) chief and former Andhra Pradesh chief minister N. Chandrababu Naidu Friday declared his and his family assets: Rs.40.28 crore.
Interestingly, Naidu and his family had declared assets worth Rs.68 crore only two years ago, and about Rs.21 crore in 2004.
Facing questions about his wealth in the wake of Anna Hazare’s crusade against corruption, Naidu said that if anyone proves he and his family own more than what he has declared, he would give away those assets.
But Naidu underlined that the value of the assets declared by him was what it was at the time of investment.
He said he was not giving the present market value as the market price fluctuates.
He revealed that his family members owned assets worth Rs.39.88 crore. His own assets totalled Rs.40 lakh.
Naidu’s son Lokesh has assets worth Rs.6.73 crore while assets in the name of his daughter-in-law Brahmini were valued at Rs.3.22 crore.
The TDP chief, who was chief minister from 1995 to 2004, said his family has 48 percent equity in Heritage company.
He said the company has debts totalling Rs.98 crore.(IANS)
