Hyderabad: With assets of over Rs 300 crore, K. Rajgopal Reddy of the Congress party is the richest candidate in fray in next month’s Assembly elections in Telangana.
Rajgopal Reddy, who is contesting from Munugode constituency in Nalgonda district, declared family assets of Rs 314 crore in the affidavit filed before election authorities along with his nomination papers.
His net worth has gone up by 371 percent during last four years. The Congress leader, a businessman, had declared assets of Rs 66 crore while contesting the Lok Sabha elections in 2014.
Rajgopal Reddy, who was a member of Lok Sabha from 2009 to 2014, is currently a member of Telangana Legislative Council.
His wife K. Laxmi, who owns about Rs 290 crore of assets, is a director in Sushee Infra and Mining Ltd. According to the affidavit, the firm is executing projects in various states in the country. Marri Janardhan Reddy and wife Marri Jamuna Rani, both business persons, had over Rs 8 crore income during 2017-18, a drop of 22 percent in four years. (IANS)
