As every year, this year too AP CM, Chandrababu Naidu continued to announce his assets inspite of mixed reactions. Nara Lokesh announced the details of his own family assets on Wednesday.
He states that the net assets of Babu are accounted 2.99crores where total assets worth is 8.31crores. Much to everyone's surprise, He have liabilities worth Rs 5.31 crore. Babu owns an Ambassador Car worth Rs 1.5 lakh and have a Bank Balance of Rs 4.8 lakh. As he sat, Nara Bhuvaneshwari net asset is 31 crores where total assets are accounted around 53.3 crores.
These numbers led everyone to stand stun. As of March 31st this year, Nara Lokesh has net assets worth Rs 21.4 crore and total assets of Rs 27.29 crore. The IT Minister have Rs 5.88 crore liabilities.
Nara Brahmani holds net assets of Rs 7.72 crore and total assets of Rs 13.38 crore.
Meanwhile Devansh own assets are worth Rs.18.71cr.
It’s quite strategic to say as the TDP Supremo, CBN is the least among his family members. Lokesh said that all the assets are valued according to the acquisition value but not by the market value.
Contrary to all the accounts declared by the IT minister, The Association of Democratic Reforms (ADR) has named Chandrababu Naidu as Richest CM in the country with total assets of Rs 177 crore in February 2018. So the declaration of these assets are circulating as a joke around the state and what’s stopping them to declare the market value of their assets is a big question.