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N Lokesh Declares Assets For 6th Consecutive Year

TDP National General Secretary Nara Lokesh today declared his personal wealth and assets to the Income Tax department for the sixth consecutive year.
Hyderabad | 19th October 2016
TDP National General Secretary Nara Lokesh today declared his personal wealth and assets to the Income Tax department for the sixth consecutive year.

Rejecting the accusations made by the YSR Congress Party that his family had several undisclosed assets, Lokesh challenged them to prove the claim and said that he would surrender any such anonymous property, if proven to exist.

The following are the details of the assets that were declared by Lokesh:

1. N Chandrababu Naidu: net value of assets - Rs. 3.73 crores; value of current assets - Rs. 67 lakhs; outstanding bank loans - Rs. 3.63 lakh; net bank balance Rs. 3.59 lakhs; value of personal vehicle - Rs. 1.50 lakhs.

2. N Bhuvaneshwari: net value of assets - Rs 38.66 crores; outstanding loans - Rs. 13 lakhs; value of open land in Punjagutta - Rs. 73 lakhs; value of land in Madinaguda Rs. 73 lakhs; value of land in Tamil Nadu - Rs. 1.86 crores; value of shares in Heritage company - Rs. 19.93 crores; value of shares in various other companies - Rs. 3.29 crores; value of all personal vehicles owned - Rs. 91 lakhs; net amount in PF account - Rs 1.73 crores.

3. Nara Lokesh: value of total assets Rs. 14.50 crores; net value of assets Rs. 8.15 crores; value of personal vehicle Rs 92 lakh; loans borrowed Rs 6.35 crore.

4. Nara Brahmini: total value of assets - Rs 12.75 crores; net value of assets - Rs. 12.33 crores; outstanding loans - Rs. 42 lakhs; value of open land in Madhapur Rs. 17 lakhs; value of house in Jubilee Hills - Rs. 3.5 crores; value of shares in Heritage - Rs. 78 lakhs; value of gold jewellery Rs. 15 lakhs; amount in PF account - Rs. 19 lakhs; bank balance - Rs 25 lakhs.

5. Nara Devansh: value of total assets - Rs. 11.32 crores; Fixed Deposits - Rs 2.04 crores; value of house written in his name - Rs. 9.17 lakhs; net cash reserve - Rs. 2.31 lakhs.
filed in:  Chandrababu Naidu, Nara Lokesh, Money, Income Tax
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