The Telugu Desam Party (TDP) national general secretary and Information Technology and Panchayat Raj Minister Nara Lokesh on Friday made public the asset details of him and his family members.
At a press conference here, Mr. Lokesh said while he has total assets of ₹26.39 crore, the bank loans and advances accounted for ₹11.17 crore, leaving him a net assets of ₹15.21 crore. His wife, Nara Brahmani, owns net assets to the tune of ₹15.01 crore. The liabilities stood at ₹36.14 lakh. N. Devansh, his son, has fixed deposits worth of ₹11.54 crore.
His father and Chief Minister N. Chandrababu Naidu has more liabilities than his assets. His total liabilities are ₹5.64 crore, while the net assets are ₹2.53 crore. Mr. Naidu took a housing loan of ₹5.60 crore from Bank of Baroda and has ₹40 lakh in savings account and owns an Ambassador car worth of ₹1.52 lakh. He has a residential building in Hyderabad worth of ₹7.75 crore.
Mr. Lokesh’s mother, Nara Bhuvaneswari, owns net assets worth of ₹25.41 crore, while the liabilities are ₹20.90 crore. She owns an Audi car worth of ₹91.93 lakh and has ₹7.44 lakh in savings account.
Mr. Lokesh said that he and his family members were declaring the assets for seventh year in a row. In an indirect reference to YSRCP leader, Y. S. Jagan Mohan Reddy, he said the opposition parties, instead of disclosing their assets and liabilities were levelling basless allegations against his family.
The Minister said that he has been challenging the YSR Congress and other opposition parties to come for a debate on the assets and bank deposits owned by his family. But no one was coming forward. Neither they have dislosed the details of thier properties, he said.
“We are declaring the assets taking the acquisition value into account. Present market value is not being taken into consideration as it fluctuates,” he asserted.
