Madhavi Latha revealed particulars of the household property in an affidavit submitted to the Election Fee.
Hyderabad:
BJP’s candidate for the Hyderabad Lok Sabha seat, Kompella Madhavi Latha owns household property of Rs 221.37 crore, making her one of many richest candidates in Telangana.
She, her husband Kompella Viswanath, each enterprise individuals, and their three dependent youngsters, have movable property of Rs 165.46 crore and the couple has immovable property of Rs.55.91 crore.
Madhavi Latha revealed particulars of the household property in an affidavit submitted to the Election Fee on Wednesday whereas submitting her nomination. The 49-year-old, who resides within the twin metropolis of Secunderabad, not too long ago joined the BJP and is making her electoral debut.
She declared that she has movable property of Rs 31.31 crore together with funding of Rs.25.20 crore in listed and unlisted corporations. She has investments of Rs 7.80 crore in Virinchi Ltd. She additionally owns gold jewelry value Rs 3.78 crore.
Her husband has movable property of Rs 88.31 crore together with shares value Rs 52.36 crore in Virinchi Ltd. Their three dependent youngsters additionally personal whole movable property of over Rs 45 crore.
The BJP candidate additionally owns immovable property of Rs 6.32 crore whereas the worth of her husband’s immovable property is Rs 49.59 crore.
The property embrace non-agriculture land and industrial and residential buildings in and round Hyderabad.
Madhavi Latha has liabilities of Rs 90 lakh whereas her husband’s liabilities stand at Rs 26.13 crore. Her revenue throughout 2022-23 was Rs 3.76 lakh whereas it was Rs 1.22 crore throughout 2021-22.
Viswanath’s revenue throughout 2022-23 was Rs 2.82 crore whereas the identical was Rs 6.86 crore throughout 2021-22.
The BJP candidate faces one legal case. The case was registered in opposition to her final week at Begum Bazar Police Station underneath Indian Penal Code (IPC) part 295-A. The allegation in opposition to her is that she made a gesture of drawing an imaginary arrow and capturing on the Masjid positioned on the circle of Siddi Amber Bazar.
–IANS
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