Here’s list of MLA candidates in Rs 100 crores assets club

NewsMeter analysed the assets each MLA candidate has declared in their affidavits

By Sri Lakshmi Muttevi  Published on  12 Nov 2023 5:59 AM GMT
Here’s list of MLA candidates in Rs 100 crores assets club

Telangana: The last day for filing nominations by the MLA candidates of the various parties ahead of the Telangana Assembly polls has come to an end.

Do you know who are the richest MLAs on the list?

NewsMeter analysed the assets each MLA candidate has declared in their affidavits, and at least six of them have total assets worth more than Rs 100 crores.

Here is the list

Dharmapuri Arvind

Nizamabad MP Dharmapuri Arvind who is contesting from Korutla Assembly constituency against Dr Sanjay Kalvakuntla, a fresh face from the BRS, is one of the richest MLAs from BJP. His total assets sum up to Rs 106 crores.

Properties of Dharmapuri along with spouse and other details

1. Movable properties: Rs 57 crores (cash, shares, jewellery)

2. Immovable properties: Rs 49.81 crores (commercial property, buildings)

3. Liabilities: Rs 28 crores

4. Education: MA in Political Science from Janardan Rai Nagar, Rajasthan Vidyapeeth

He has 14 criminal cases registered against him.

Pailla Shekar Reddy

Pailla Shekar Reddy contesting from the Bhongir Assembly seat is one of the richest MLAs of the ruling BRS party. His total assets sum up to Rs 227 crores (on paper).

Pailla Shekar Reddy, Medak MP Prabhakar Reddy, who was stabbed recently while campaigning in Dubbak, and Nagarkurnool MLA Marri Janardhan Reddy are business partners. They have real estate ventures in Hyderabad and Bengaluru. The I-T department had conducted raids on their properties recently.

Properties of Shekar Reddy along with spouse and other details

1. Movable properties: Rs 125.06 crores (cash, deposits, investments, shares in SLS Pvt Ltd, Nulland Technology, Hilland Tech)

2. Immovable properties: Rs 102.42 crores (agricultural land, commercial buildings)

3. Liabilities: Rs 90 crores

4. Education: Diploma in Civil Engineering from SN Murthy Polytechnic College

There are no criminal cases registered against him. Shekar Reddy is contesting against Congress’s Kumbam Anil Kumar and BJP’s G Narayan Reddy.

Komatireddy Raj Gopal Reddy

Komatireddy Raj Gopal Reddy, the Congress candidate contesting from Munugode constituency in Nalgonda district is one of the richest MLAs.

His assets sum up to over Rs 458 crores. Raj Gopal Reddy and his spouse's assets have gone up by more than 45 per cent since 2018 when they had declared combined assets worth Rs 314 crores.

Properties of Raj Gopal Reddy along with spouse and other details

1. Movable properties: Rs 301 crores (cash, bank deposits, and shares in Sushee Infra & Mining Ltd)

2. Immovable properties: Rs 156.83 crores (agricultural and non-agricultural lands and commercial buildings)

3. Liabilities: Rs 4.14 crores

4. Education: Bachelor of Arts, Osmania University, Hyderabad.

Marri Janardhan Reddy

Marri Janardhan Reddy, BRS MLA of Nagarkurnool constituency has total assets worth Rs 112 crores.

Properties of Janardhan Reddy along with spouse and other details

1. Movable properties: Rs 85 crores (savings, insurance, shares, jewellery)

2. Immovable properties: Rs 25.97 crores (non-agricultural land, commercial buildings, residential buildings)

3. Liabilities: Rs 26.52 crores

4. Education: SSC at ZPHS (boys), Badepally, Mahabubnagar district

He has one criminal case pending against him.

Kotha Prabhakar Reddy

Kotha Prabhakar Reddy, a BRS MLA candidate from Dubbak, has assets worth Rs 197 crores. Prabhakar Reddy was recently stabbed with a knife allegedly by a person named G Raju in Surampalli village of Doulthabad mandal when he was campaigning. In the attack, Prabhakar Reddy, who is an MP from Medak Lok Sabha constituency, suffered injuries in his stomach.

Properties of Prabhakar along with spouse and other details

1. Movable properties: Rs 16.65 crores (jewellery, assets)

2. Immovable properties: 180.63 crores (agricultural and non-agricultural land, commercial building, residential building)

3. Liabilities: Rs 12.79 crores

4. Education: Bachelor of Arts, Government Degree College, Siddipet

G Vivekanand

Telangana Congress candidate from Chennur, Gaddam Vivekanand also called Vivek Venkataswamy is one of the richest MLA candidates with assets worth Rs 606.66 crores. He has recently quit the BJP.

Properties of Vivek along with spouse and other details

1. Movable properties: Rs 378 crores (cash, bank deposits, shares in Sushee Infra and Sushee Realty)

2. Immovable properties: Rs 225.5 crores (agricultural and non-agricultural land, commercial buildings, Aurobindo Pharma Limited, Bathina Technologies India, IPL’s Chennai Super Kings, Dr Reddy’s Laboratories, Fenoplast, Visaka Industries).

3. Liabilities: Rs 40 crores

4. Education: MBBS from Osmania Medical College

He has five criminal cases pending against him. He borrowed Rs 1 crore from Chief Minister K Chandrashekar Rao, Rs 10 lakhs from Ramalinga Reddy and Rs 1.5 crores from Komatireddy Raj Gopal Reddy.

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