Y.V. Subba Reddy, co-brother of former Chief Minister Y.S. Rajasekhara Reddy, who is the YSR Congress nominee for the Ongole Lok Sabha constituency, has declared assets worth around Rs. 94 crore including the ones valued at Rs. 54.56 crore belongs to him and others owned by his wife worth Rs. 39.01 crore.
An MBA from Shivaji University, Kolhapur, Mr Reddy, who is also a member of the YSR Congress Central Governing Council has assets both in Andhra Pradesh and Karnataka. He has declared an income of Rs. 5.40 crore for 2012-13 financial year in an affidavit attached with his nomination papers.
Mr. Subba Reddy’s wife Y. Swarnalatha Reddy has movable assets worth Rs. 2.22 crore and immovable assets worth Rs. 16.75 crore. While Mr. Subba Reddy has loans worth Rs. 22.93 crore, his wife owes Rs. 1.12 crore to others.
