The wealth of the former minister dropped Rs 73 lakh from Rs 2.81 crore in 2014 to Rs 2.08 crore.
Nalamada Uttam Kumar Reddy
Hyderabad: The years out of power has turned TPCC president Nalamada Uttam Kumar Reddy ‘poorer’ since 2014. The wealth of the former minister dropped Rs 73 lakh from Rs 2.81 crore in 2014 to Rs 2.08 crore.
The value of moveable plunged from from Rs 34,04,152 in 2014 to Rs 8,94,164, according to the affidavit in his nomination papers. Even the value of his immovable assets fell from Rs 2, 47,36,032 to Rs. 2,00,00,646. He said he did not have any investments and shares and had bank deposits of Rs 10 lakh.
He owns non-agricultural land in Suryapet, a plot in Huzurnagar, a residential house at Jubilee Hills and few flats in Hyderabad. He paid Rs 2.4 lakh tax in 2017-18 and his wife Rs 9.19 lakh.
( Source : Deccan Chronicle. )
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