Telengana elections 2018: KCR’s son 400 percent richer in 4 years
According to the documents submitted by KT Rama Rao, son of Telangana Chief Minister K Chandrashekar Rao, owns assets worth over Rs 41 crore. On Monday, KT Rama Rao had submitted his documents to contest the December 7 state election. As per the election affidavits, the assets of Telangana’s first family have grown considerably over the last four years. This statistics depicts that KCR’s wealth has increased by 400 percent in just four years.
With his annual income increasing from Rs 29 lakh in 2014 to around Rs 74 lakh in 2018, KT Rama Rao is 400 prcent richer. His wife Shaimila Kalvakuntla, too became richer by 20 times. Her income shot up from Rs 21 lakh in 2014 to over Rs 4 crore now.
Rama Rao is popularly known as KTR is a Telangana minister. He had submitted documents showing that his wife is richer than him. KTR has Rs 4.93 crore while his wife owns assets worth over Rs 36.68 crore. Even their daughter K Alekhya has Rs 19.50 lakh in the bank.
KTR is considered as number two in the Telangana Rashtra Samithi (TRS) government, he holds key portfolios including industries, information technology and municipal administration. Just like his father, KTR also calls himself an ‘agriculturist’. While, his wife’s profession is listed as ‘business’ in the documents submitted.
Recently, KTR has declared a total income of Rs 14.57 lakh and agricultural earnings of Rs 59.85 a year. It is shown that his wife’s income is Rs 3.55 crore and she makes Rs 24.65 lakh in agricultural earnings. together, the couple own land in Medak, Ranga Reddy, Hyderabad and Karimnagar districts, and all are valued at over Rs 10 crore.
KTR’s father, Chandrasekhar Rao or KCR had declared wealth worth over Rs 22 crore but had said in his affidavit that he doesn’t own a car at all but his son, KTR has declared that he owns a car.
KTR also mentioned in his affidavit that his liabilities are Rs 33.28 crore while those of his wife total Rs 27.39 crore.
The couple has also loaned over Rs 1 crore to KCR.