Businessman-turned-politician Koneru Rajendra Prasad does not own a house, two-wheeler or a four-wheeler and has only Rs.41, 000 cash in hand. He owns movable and immovable assets worth of about Rs.2.25 crore and his wife Vimala Devi Koneru owns assets worth nearly Rs.135 crore, suggests an affidavit filed along with his nomination papers for the Vijayawada Parliamentary constituency.

When Mr. Rajendra Prasad announced his entry into the politics, there was lot of curiosity about his property and financial assets. But when he filed his nomination papers as a YSR Congress candidate from the Vijayawada Parliamentary constituency at the Sub-Collector’s Office in Vijayawada on Tuesday, many were left speechless with the revelations in the affidavit.

Presently, he owns five acres of agricultural land at Panalyur village in Kanchipuram district of Tamil Nadu and the market price of this immovable asset is estimated at Rs.2.25 crore. Mr. Koneru, founder and Chairman of the Trimex Group, has only three savings accounts in Punjab National Bank, Abhirmapuram, Indian Bank, Abhiranpuram and HDFC Bank at Jubilee Hills in Hyderabad with a total savings of Rs.2,94,517. Sixty-three-year-old Mr. Koneru hit headlines when his name featured in different cases and in the affidavit, he stated that cases were pending in different courts.

A case is pending against him with Principal Special Judge for CBI cases, Hyderabad under section 120-B (criminal conspiracy) read with Section 420 (Cheating and dishonesty, including delivery of property), section 409 (criminal breach of trust by public servant or by banker, merchant, agent) and sec 477-A (falsification of accounts) of Indian Penal Court 1860 (falsely implicated and contested seriously).

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