Hyderabad: The opposition parties may have branded him the "richest politician on earth" but Andhra Pradesh Chief Minister Y S Rajasekhara Reddy, by his own admission, has been reduced from a 'crorepati' to a 'lakhpati' in the last five years he ruled the state.
From Rs 3,02,56,662, his asset value shrunk to a mere Rs 33,33,365 in the last five years, according to the affidavit Reddy has filed along with his nomination papers for the Pulivendula Assembly constituency in Kadapa district today.
His wife Vijayalaxmi's assets too have witnessed a fall in the same period, but to a minor extent: from Rs 1,23,95,321 to Rs 1,01,43,122.
According to the Chief Minister's affidavit, he has only Rs 12,379 in cash, Rs 1,93,797 in bank deposits and savings of Rs 2,43,848. He holds shares and bonds worth Rs 1000 in AP Steels Limited and Rs 1000 in Leasefin India. He possesses gold and diamonds worth Rs 13,03,770. His income through claims and interest is Rs 2,02,256.
Reddy holds 39.52 acres of agricultural land in his native Idupulapaya worth Rs 4,78,065 and a residential building in Pulivendula worth Rs 8,97,250. He does not own a car nor does have any loans or dues, the affidavit says.
His wife has Rs 31,069 in cash, two bank deposits worth Rs 40 lakh and Rs 4,54,663, shares in Saraswati Power worth Rs 35.25 lakh, gold and diamonds worth Rs 10,57,890 and secures an income of Rs 10,74,500 through claims and interests. She does not own any agricultural land or a car. All this is as per the 2009 estimates.
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