The declaration of assets by Telugu Desam Party president and Andhra Pradesh chief minister N Chandrababu Naidu and his family every year is becoming more and more farcical.
According to the latest declaration of assets by Naidu’s son and IT minister Nara Lokesh at his residence in Amaravati on Wednesday, the chief minister has net assets worth just Rs 2.99 crore. He has liabilities worth Rs 5.31 crore and total assets worth Rs 8.31 crore.
Naidu has balance in his savings accounts worth around Rs 4.8 lakh in Banks. Even now, he still owns an Ambassador car of 1993 model, which is worth around Rs 1.5 lakh.
Nara Bhuvaneswari, wife of Naidu, holds net assets worth Rs 31 crore and total assets holds around 53.3 crore.
Lokesh has net assets worth Rs 21.4 crore by March 31, 2018. He holds a total assets of Rs 27.29 crore. He has liabilities of Rs 5.88 crore.
He said that his wife Nara Brahmani holds Rs 7.72 crore as net assets and Rs 13.38 crore as total assets. Nara Devansh, son of Lokesh has total assets worth Rs 18.71 crore.
In December 2018, Naidu’s net assets were Rs 2.53 crore, with total assets valued at Rs 8.17 crore and liabilities were Rs 5.64 crore.
Lokesh clarified that he was declaring all the value of all the assets only as per the acquisition value and not the market value, since the latter would vary from time to time, which is a big farce and it will not make the people believe that Naidu has such nominal assets.
In fact, a report by the Association of Democratic Reforms (ADR) released in February this year has revealed that Naidu was the richest chief ministers in the country with total assets of Rs 177 crore, followed by Arunachal Pradesh Chief Minister Pema Khandu and Punjab Chief Minister Amarinder Singh who own assets worth Rs. 129 crore and Rs. 48 crore respectively.
The 'poorest' of the lot is CPI (M) leader and former Tripura Chief Minister Manik Sarkar with total assets worth all of Rs. 26 lakh, the report said.