BJP candidate Vishweshwar Reddy’s family assets jump 410% in 5 yrs
In 2019 he had declared assets of Rs 895 crore, in 2024 it is Rs 4,568 crore
image for illustrative purpose
Hyderabad: The family assets of Konda Vishweshwar Reddy, the BJP candidate from Chevella Lok Sabha constituency in Telangana, jumped 410 per cent in five years to Rs 4,568 crore, making him one of the richest candidates in the country.
In 2019, when he had contested as a Congress candidate from the same constituency, he had declared assets of Rs 895 crore. Elected to Lok Sabha from Chevella on a TRS (now BRS) ticket in 2014, Vishweshwar Reddy had family assets of Rs 528 crore.
As per the affidavit submitted by him to the Election Commission while filing his nomination on Monday, the businessman-engineer declared his movable assets at Rs 1178.72 crore, which include shares in Apollo Hospital Enterprises Limited to the tune of Rs 973.22 crore.
His wife K Sangita Reddy, Joint Managing Director of Apollo Hospital, owns movable assets worth Rs 3,203 crore including shares in Apollo Hospitals to the tune of Rs 1500.85 crore and shares in Apollo Sindoori Hotels and other listed and unlisted companies. She owns gold ornaments with diamonds and precious stones and silver articles worth over Rs 10.40 crore.
Their dependent son K Viraj Madhav Reddy has movable assets of Rs. 107.44 crore. Interestingly, the ultrarich family owns no vehicle, according to the affidavit.
Vishweshwar Reddy owns immovable assets of Rs 71.35 crore including agricultural and non-agricultural land, commercial and residential buildings in Hyderabad and Ranga Reddy districts. His wife has immovable assets worth Rs 5.51 crore while the value of such assets of their dependent son is Rs 1.27 crore. The couple has declared liabilities to the tune of Rs 13.82 crore.
According to the 2019 affidavit, Vishweshwar Reddy had movable assets of Rs 223 crore while the movable assets of his wife stood at Rs 613 crore. The movable assets of their dependent son were nearly Rs 20 crore.
