Chandrababu Naidu declares assets, 3-year-old grandson 6 times richer
HYDERABAD: The total assets of Andhra Pradesh Chief Minister Chandrababu Naidu and his family has spiked by over 12.5 crore in a year, his son Nara Lokesh declared on Wednesday evening. Mr Naidu has been voluntarily disclosing his family's assets and liabilities every year for the last 8 years, in a show of transparency.
Earlier this year, an analysis by the Association for Democratic Reforms had found Mr Naidu to be the richest Chief Minister of the country with declared assets of Rs. 177 crore in his election affidavit.
But going by the 68-year-old chief minister's voluntary disclosure, based on the rates at which assets were acquired, in over a year, the value of the Naidu family's combined assets has touched Rs. 81.83 crore from Rs. 69.28 crore -- a jump of Rs. 12.55 crore.
The assets of Mr Naidu have gone up from Rs. 2.53 crore to nearly Rs. 3 crore. His wife's assets however, have grown significantly - from Rs. 25 crore to Rs. 31 crore. Properties in the name of Nara Lokesh -- Mr Naidu's son and the state's information minister -- and the Chief Minister's minor grandson Devaansh, has showed similar growth.
Nara Lokesh's assets, worth Rs. 15.21 crore last year, stand at Rs. 21.40 crore now. The value of the property in the name of his three-year-old son Devaansh has gone up to Rs. 18.71 crore against last year's Rs. 11.54 crore.
Last year, when the businessman-turned-politician contested in the Legislative Council elections, he had declared assets worth Rs. 330 crore -- up from less than Rs. 15 crore a few months before. The 35-year-old said the jump was because his voluntary disclosure was done taking the face value of shares, which is the rate at which he acquired them. But in the election affidavit, he declared their market value.
The value of the assets his wife Brahmini, however, has taken a nosedive. From last year's Rs.15.01 crore, it now stands at Rs. 7.72 crore.
Mr Naidu has been outspoken about a series of raids by the Income Tax department on various state leaders. These raids, he said, were evidence of "political vendetta". His minister K Srinivasalu had alleged that the raids were meant to deter development in the state.
He also said the raids were creating panic among investors and businessmen, and were a great hindrance for tourists from outside the state.
courtesy : ndtv.com
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CBI questions Anil Ambani for second day in connection with 2,929-cr RCom case
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New Delhi (PTI): The CBI on Friday questioned industrialist Anil Ambani for the second consecutive day in connection with a Rs 2,929-crore cheating case, registered against Reliance Communications Ltd and him on a complaint by the State Bank of India, officials said.
Ambani arrived at the agency headquarters at around 10 am, they said.
On Thursday, the Central Bureau of Investigation (CBI) sought his responses on alleged fund diversion, misappropriation and other irregularities in the loan funds issued to the company by the bank, they said.
"The appearance is in furtherance to Mr Ambani's commitment to extend full cooperation in the matter with all agencies," Anil D Ambani's Spokesperson had said in a statement on Thursday.
The CBI had booked Ambani in August last year for allegedly defrauding the SBI to the tune of Rs 2,929 crore, officials said.
According to the SBI complaint, now part of the FIR, the company had an outstanding of over Rs 40,000 crore to various lenders, with the public sector bank alone facing a loss of Rs 2,929 crore, according to 2018 figures.
The CBI booked Ambani and RCom for allegedly committing offences of criminal conspiracy, cheating and criminal breach of trust.
"It is alleged that the accused persons, in criminal conspiracy, misrepresented and got sanctioned credit facilities from SBI in favour of Reliance Communication Ltd," a CBI spokesperson said in a statement in August last year.
Ambani's spokesperson responded, "Anil D Ambani denies all allegations and charges, and will duly defend himself."
According to sources, the agency also searched the Ambani residence 'Sea Wind' at Cuffe Parade in Mumbai.
The complaint filed by SBI pertains to matters dating back more than 10 years, according to Ambani's spokesperson.
At that time, Ambani was a non-executive director of the company, with no involvement in the day-to-day management, a statement from his spokesperson then said.
"The matter remains sub-judice, pending before the NCLT (National Company Law Tribunal) and other judicial forums, including the Supreme Court, for the past six years," it said.
Anil Ambani has duly challenged SBI's declaration before the competent judicial forum, it said.
