KCR’s daughter-in-law richer than his son

KCR’s daughter-in-law richer than his son

Telangana Chief Minister K. Chandrashekhar Rao’s daughter-in-law is richer than his son K. T. Rama Rao, a minister in his cabinet.
Rama Rao and his wife have total assets of over Rs 41 crore, according to the affidavit submitted by him to the election authorities on Monday while filing the nomination for next month’s Assembly election.

While K. Shailima owns assets worth Rs 36.68 crore, her husband is only worth Rs 4.93 crore. Their daughter K. Alekhya has a bank balance of Rs 19.59 lakh.

Rama Rao, considered number two in the Telangana Rashtra Samithi (TRS) government, holds key portfolios including industries, information technology and municipal administration. Like his father, he showed himself as an ‘agriculturist’. The profession of Shailima was shown as ‘business’.

KCR’s daughter-in-law richer than his son

K.T.R., popularly known as Rama Rao, owns an Innova car worth Rs 26.88 lakh. While filing his nomination last week, the TRS chief had declared assets of over Rs 22 crore but claimed that he owns no vehicle.

According to KTR’s affidavit, he had an income of Rs 74.42 lakh including Rs 59.85 lakh agriculture income during 2017-18. His wife had an income of Rs 3.79 crore including Rs 24.65 lakh from agriculture. She also earned Rs 79.65 lakh profit from a partnership firm.

Shailima has movable assets of Rs 27.70 crore while the movable assets of her husband were only Rs 3.63 crore. She has equity shares worth over Rs 18 crore in Telangana Publications Private Limited besides investments in other firms.

The couple owns agriculture and non-agriculture lands in Medak, Ranga Reddy, Hyderabad and Karimnagar districts, all valued at over Rs 10 crore.

Interestingly, Shailima has liabilities of Rs 27.39 crore while KTR has Rs 33.28 lakh liabilities. The couple has given a loan of over Rs 1 crore to KCR.

KTR also declared in the affidavit that he along with seven others were convicted by a railway court in Secunderabad in 2016 in a case registered during the Telangana movement. However, no punishment was imposed by the court, which extended the benefit under Probation of Offenders Act and released him after an admonition.

The TRS leader also provided details of 16 other criminal cases pending against him. All the cases were booked during the agitation for statehood to Telangana.

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𝐇𝐞𝐥𝐥𝐨 𝐑𝐞𝐚𝐝𝐞𝐫, 𝐌𝐲𝐬𝐞𝐥𝐟 𝐁𝐡𝐮𝐩𝐞𝐧𝐝𝐞𝐫 𝐒𝐢𝐧𝐠𝐡 𝐓𝐞𝐜𝐡 𝐆𝐮𝐫𝐮 𝐚𝐧𝐝 𝐥𝐨𝐯𝐞𝐫 𝐭𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐲, 𝐬𝐨𝐜𝐢𝐚𝐥 𝐦𝐞𝐝𝐢𝐚, 𝐚𝐧𝐝 𝐬𝐜𝐢𝐞𝐧𝐜𝐞 𝐚𝐧𝐝 𝐚𝐥𝐬𝐨 𝐩𝐚𝐬𝐬𝐢𝐨𝐧𝐚𝐭𝐞 𝐭𝐨 𝐫𝐞𝐯𝐢𝐞𝐰 𝐆𝐚𝐝𝐠𝐞𝐭𝐬,𝐒𝐨 𝐩𝐥𝐞𝐚𝐬𝐞 𝐫𝐞𝐚𝐝 𝐭𝐡𝐞 𝐫𝐞𝐯𝐢𝐞𝐰,𝐢𝐧𝐭𝐞𝐫𝐞𝐬𝐭𝐞𝐝 𝐢𝐧 𝐦𝐮𝐬𝐢𝐜, 𝐚𝐫𝐭, 𝐚𝐧𝐝 𝐞𝐱𝐩𝐥𝐨𝐫𝐚𝐭𝐢𝐨𝐧 𝐫𝐨𝐮𝐧𝐝 𝐭𝐡𝐞 𝐠𝐥𝐨𝐛𝐞.𝐚𝐧𝐝 𝐅𝐨𝐥𝐥𝐨𝐰 𝐦𝐞 𝐟𝐨𝐫 𝐥𝐚𝐭𝐞𝐬𝐭 𝐮𝐩𝐝𝐚𝐭𝐞𝐬 𝐍𝐞𝐰𝐬

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