Chandrababu Naidu’s assets grew by 41% to Rs 931 Cr in 5 yrs

Amaravati: Former chief minister N Chandrababu Naidu and his wife’s assets have increased more than 41 percent to 931 crore in the last five years. Telugu Desam Party (TDP) supremo has also 24 criminal cases pending against him.

Naidu’s wife Nara Bhuvaneswari, who filed a nomination on behalf of her husband at Kuppam, holds 2.26 crore shares of Heritage Foods Ltd worth Rs 337.85 apiece (market value). The total value of the shareholding stands at nearly Rs 764 crore as against Rs 545.76 crore in 2019.

In 2019, Naidu’s family owned assets, both movable and immovable worth Rs 574.3 crore, as per the affidavit filed by the TDP chief.

Bhuvaneswari also possesses 3.4 kg of gold and nearly 41.5 kg of silver. The TDP leader individually owns movable assets worth Rs 4.80 lakh and immovable assets worth Rs 36.31 crore and the family has total liabilities of over Rs 10 crore.

The former chief minister also owns one Ambassador car valued at Rs 2.25 lakh. Naidu's name was listed in 24 FIRs spanning several cases, according to the affidavit.

Naidu’s assets

Movable assets-

Naidu: Rs 4,80,438

Spouse assets: Rs -810,37,08,883

Immovable assets-

Naidu: Rs 36,31,00,481

Spouse: Rs 85,10,41,128

Liabilities-

Naidu: Rs 3,48,81,937

Spouse: Rs 6,83,19,895

Business: Heritage Foods Limited, Unlisted Shares (at Acquisition Cost): Megabid Finance & Investment Private Limited, Nirvana Holdings Private Limited- Rs.3,28,80,000 and Heritage Finlease Limited

Education: M.A, S.V.U College, Tirupati Year of Completion: 1974

Cases: 24

The cases include:

Conspired and instigated TDP Cadre with a common motive, to form an unlawful assembly, hurled abuses, and instigated to attack on the YCP activists with weapons.

Addressed a gathering from a vehicle with loudspeakers, by disobeying the orders of a Police Officer and by threatening Anaparthy.

Irregularities in the decision-making process while implementing a policy decision to provide "Free Sand", thereby causing loss to the state exchequer.

During his journey from Hyderabad to Andhra Pradesh, Naidu stopped his convoy; came out of the car, and showed two fingers to the gathering, in violation of Covid-19 protocol/guidelines.TDP activists pelted stones, water bottles, and footwear on the vehicle of V. Vijaya Sai Reddy which resulted in damage to the windshield of his car.

Violation of rules about AP State Government E- Procurement Policy and other rules, for awarding contracts by A.P.State FiberNet Limited to M/s. Tera Software Limited.