HYDERABAD: Under attack from foes and allies, Telugu Desam Party (TDP) chief and
former Andhra Pradesh chief minister N. Chandrababu Naidu Friday
declared his and his family assets: Rs.40.28 crore.Interestingly, Naidu and his family had declared assets worth Rs.68 crore only two years ago, and about Rs.21 crore in 2004.Facing
questions about his wealth in the wake of Anna Hazare's crusade against
corruption, Naidu said that if anyone proves he and his family own more
than what he has declared, he would give away those assets.But Naidu underlined that the value of the assets declared by him was what it was at the time of investment. He said he was not giving the present market value as the market price fluctuates.He revealed that his family members owned assets worth Rs.39.88 crore. His own assets totalled Rs.40 lakh.Naidu's
son Lokesh has assets worth Rs.6.73 crore while assets in the name of
his daughter-in-law Brahmini were valued at Rs.3.22 crore.The
TDP chief, who was chief minister from 1995 to 2004, said his family has
48 percent equity in Heritage company. He said the company has debts
totalling Rs.98 crore.Naidu said he has a house, whose value when it was built was Rs.23.2 lakh. His
wife Bhuvaneswari owned a building over 650 square yards of land at
Punjagutta in Hyderabad and has five acre of cultivable land at
Madinaguda in Sherilingampalli on the outskirts of Hyderabad.Naidu declared his assets as pressure was mounting on him.Naidu,
who took part in anti-corruption protests, faced questions about his
own integrity both from his political rivals and allies like Communist
Party of India-Marxist leader B.V. Raghavulu.He also faced
questions in the wake of the Central Bureau of Investigation (CBI) probe
into the assets of YSR Congress party chief Y.S. Jaganmohan Reddy and
in the Emaar deal.The YSR Congress party is demanding a CBI
probe against Naidu as it was his government which allotted land to the
Dubai-based Emaar for its realty projects in Hyderabad.Naidu's
rivals also alleged that he had only two acres of land before he became
chief minister but later amassed wealth running into thousands of crores
of rupees. They also claimed that Naidu owns a hotel in Singapore.
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