Lok Sabha Elections 2024: Telugu Desam Social gathering (TDP) candidate for the Guntur Lok Sabha seat, Pemmasani Chandra Sekhar, has garnered consideration after disclosing his household belongings, together with movable and immovable, amounting to Rs 5,785 crore in his election affidavit, probably making him the wealthiest contestant within the present electoral race.
In accordance with a press launch by the Affiliation for Democratic Reforms (ADR), Nakul Nath, son of former Madhya Pradesh Chief Minister Kamal Nath, emerged because the wealthiest contestant in Section-I of the Lok Sabha polls held on April 19, boasting belongings value almost Rs 717 crore.
Sekhar’s particular person belongings stand at Rs 2,448.72 crore
As per the affidavit filed by Sekhar, his particular person belongings stand at Rs 2,448.72 crore, whereas his spouse, Sriratna Koneru, possesses belongings value Rs 2,343.78 crore. Moreover, their kids collectively personal almost Rs 1,000 crore in belongings. Nevertheless, the household additionally bears a legal responsibility of Rs 1,138 crore to JP Morgan Chase Financial institution of the USA within the type of a Line of Credit score.
Dependent son Abhinav Pemmasani possesses movable belongings valued at Rs 496.27 crore, whereas dependent daughter Sahasra Pemmasani owns movable belongings amounting to Rs 496.47 crore. Moreover, the couple collectively has investments totalling Rs 2,402.36 crore in publicly listed corporations within the US.
In a mixed submitting together with his spouse, he disclosed belongings value Rs 605.57 crore for the US Tax Cycle 12 months from January 2022 to December 2022. These belongings are held in america. He holds investments and shares in a number of US-based corporations. Moreover, he owns luxurious automobiles together with a Rolls Royce Ghost, Mercedes Benz, and Tesla within the USA.
Who’s P Chandra Sekhar?
Chandra Sekhar’s journey, from his roots in Burripalem village in Andhra Pradesh to his function as a physician-educator at Johns Hopkins College – Sinai Hospital, and later founding UWorld, an internet studying and research sources platform, is undeniably exceptional.
He accomplished his MBBS at NTR College of Well being Sciences, Vijayawada in 1999, and pursued MD (Inner Medication) at Geisinger Medical Middle in Danville, Pennsylvania, graduating in 2005.
His educational prowess was evident when he secured the twenty seventh rank amongst 60,000 college students within the EAMCET medical entrance examination for MBBS within the state, a extremely aggressive feat within the nation.
Pushed by his ardour for public service, Chandra Sekhar has been actively concerned with the TDP’s NRI wing since 2010, supporting numerous welfare packages of the get together.
Though he aspired to contest the Lok Sabha elections from the Narasaraopet section in 2014, the TDP allotted the ticket to R Sambasiva Rao resulting from prevailing political circumstances.
Chandra Sekhar bagged the distinguished Ernst and Younger award as a younger entrepreneur in 2020 competing with about 200 high enterprise leaders within the US. He additionally based the Pemmasani Basis, which organises well being camps and provides ingesting water in villages in Guntur and Narasaraopet constituencies.
Chandra Sekhar will face off towards Okay Venkata Rosaiah of the YSR Congress Social gathering within the upcoming elections.
(With PTI inputs)
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