Andhra Pradesh

Incumbent MLAs double their assets, Bonda among the richest in Krishna

TDP candidate for Vijayawada Central Assembly segment Bonda Umamaheswara Rao has declared assets worth ₹57. 6 crore.

TDP candidate for Vijayawada Central Assembly segment Bonda Umamaheswara Rao has declared assets worth ₹57. 6 crore.  

Affidavits reveal increase in the value of their properties

A majority of the incumbent elected representatives contesting the Assembly and Parliamentary elections in Krishna district have apparently become richer. The worth of their total family assets increased due to the addition of new movable or immovable properties and an increase in market value in the past five years.

As many as 16 candidates, who are in fray for the Assembly and two Lok Sabha constituencies in the district, are the incumbents who assumed office in 2014.

Out of them, the properties of at least six candidates, including three each from the TDP and the YSRCP, have increased twofold or more when compared to the total assets declared in 2014. A comparison of affidavits filed with the Election Commission in 2014 and 2019 reveals it.

TDP’s Bonda Umamaheswara Rao (Vijayawada Central), one of the richest MLAs in the district, declared family assets worth ₹57. 68 crore which was about 40% higher than the value of assets declared in 2014. His counterpart in Penamaluru Bode Prasad declared family assets worth ₹30.19 crore which is almost double of ₹16.08 crore assets he declared in 2014.

Gadde Rama Mohan of Vijayawada East constituency too became richer with a total of ₹14. 86 crore worth family assets registering a 63% growth compared to the previous declaration of ₹5.45 crore assets. Also, former Minister Kollu Ravindra (Machilipatnam) and YSRCP candidate Kodali Venkateswara Rao (Gudivada) declared family assets worth about 60% more than the assets declared in 2014. Similarly, the value of family assets of YSRCP’s K. Rakshana Nidhi (Tiruvuru) went up from ₹2.06 crore to ₹5.97 crore and those of Meka Venkatapratap Apparao (Nuzvid) increased by 49% from ₹6.47 crore to ₹12.71 crore.

Assets of TDP candidates U. Kalpana (Pamarru), Devineni Umamaheswara Rao (Mylavaram) and K. Narayana (Machilipatnam LS) also grew by 38%, while that of former Minister K. S. Jawahar and Tangirala Soumya increased more than double. Avanigadda candidate (TDP) Mandali Buddha Prasad is among those whose assets worth less than ₹1.5 crore. However, the growth in value of assets of TDP’s Sreeram Rajagopal Tatayya (Jaggaiapet) and Vallabhaneni Vamsi Mohan (Gannavaram) is minimal.

Different from others

Contrary to the above, TDP’s Kesineni Srinvias, known as Nani, (Vijayawada LS) declared family assets worth only ₹79 crore, while it was ₹127.19 crore in 2014. In 2014, Mr. Srinivas owned more than 161 buses but he claimed to have sold them all after he had an issue with the Transport Department. He quit the transport business in April 2017. The declarations of candidates show that not many have purchased gold in the last five years and many have liabilities worth crores.

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Printable version | Jul 12, 2020 4:03:13 AM | https://www.thehindu.com/news/national/andhra-pradesh/incumbent-mlas-double-their-assets-bonda-among-the-richest-in-krishna-district/article26764871.ece

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