Begin typing your search above and press return to search.

Why KCR Borrowed 1.07 Crore From Son & D-I-L?

By:  Tupaki Desk   |   15 Nov 2018 8:35 AM GMT
Why KCR Borrowed 1.07 Crore From Son & D-I-L?
X
Telangana CM K Chandrasekhar Rao declared his assets in the election affidavit submitted while filing his nomination in Gajwel Constituency. He claimed to be having movable and immovable assets worth Rs 22.60 crore. What surprised many is the liabilities of Rs 8.88 crore mentioned by him in the affidavit.

TRS Supremo owes Rs 82,82,570 for his Son KTR & Rs 24,65,000 to his Daughter-in-Law Shailima. What is the need for CM to borrow from his family members? Is it just an attempt to project that TRS Supremo have more liabilities?

KCR have Movable Assets worth Rs 10.40 crore and Immovable Assets worth Rs 12.20 crore. He holds stake worth Rs 4.16 crore in Telangana Publications Pvt Ltd and Rs 55 lakh in Telangana Broadcasting Pvt Ltd. Fixed Deposits of TRS Chief are valued at Rs 5.63 crore.

In addition, KCR is paying Rs 99,000 per year for insurance cover offered by Bank Of Baroda.