The Congress party on Monday demanded a detailed probe by the Income Tax department into the alleged increase in the value of assets belonging to over 40 Telangana Rashtra Samithi MLAs including their party president and chief minister K Chandrasekhar Rao in the last four to five years.
There were reports that the Income Tax department had issued notices to the TRS MLAs seeking an explanation into the huge rise in their assets.
“Many TRS MLAs accumulated huge wealth through illegal means and their assets were disproportionate to their know sources of income,” Congress treasurer Gudur Narayan Reddy said.
He demanded that the IT Departmnt should either conduct a high-level probe or recommend CBI or judicial enquiry into the swindling of public money by the ruling party legislators.
Reddy pointed out that KCR family and other TRS MLAs had earned huge wealth in very a short time.
"KCR family has officially entered the Rs. 100 crore club. It is the only family to have earned assets of more than Rs 100 crore without actually doing any known business. Entire world knows that KCR and all his family members are full time politicians. But all five family members who are in politics have earned huge assets without actually doing any business," he said.
As per the latest affidavits filed by KCR and his family before the Election Commission, they have declared assets of Rs. 111.54 Crore. They include KCR: Rs 23.55 Cr; his son K T Rama Rao: Rs. 41.82 cr; nephew T Harish Rao: Rs 11.44 cr, daughter K Kavitha: Rs 17.93 cr and another nephew J Santosh Kumar: Rs 16.80 crore.
The Congress leader said it appears that KCR's family was taking all TRS MLAs along in making money.
Of 88 MLAs who got elected on TRS ticket, assets of 58 MLAs have increased by more than 50 per cent in the last four years from 2014-2018. The assets of 4 MLAs have increased by more than 1000% since 2014, he pointed out.
"This huge increase in assets of TRS MLAs is abnormal and could not be achieved through legal means of doing business. The IT Department must trace the origination of funds which were used to buy assets and also probe into the authenticity of sources of income declared by TRS MLAs in IT Returns,” he said.