Desam’s Rayadurg candidate ‘richest’
Telugu Desam candidate for the Rayadurg Assembly segment bypolls in Anantapur district, Mr G. Deepak Reddy, has stakes in properties worth Rs 6,000 crore as per his sworn affidavit submitted to the Election Commission. However, most of these properties are in litigation and the 39-year-old business management graduate has been previously booked by the city police on charges of criminal trespass, intimidation, damage to property and other related activities.
While the 10th special magistrate court, Khairatabad, had taken cognisance of the charges, the High Court had stayed further proceedings in the case. Mr Reddy, who owns Great India Mining and Great India Rock Minerals, is the son-in-law of senior Congress leader from Anantapur district, J.C. Prabhakar Reddy, who is a former minister and brother of Congress MLA J.C. Diwakar Reddy.
Deepak had only Rs 3.27l income in ’10
Interestingly, Telugu Desam candidate for the Rayadurg Assembly segment bypolls in Anantapur district, Mr G. Deepak Reddy, who owns Great India Mining and Great India Rock Minerals, had an annual income of only Rs 3.27 lakh and his wife’s income was Rs 1.98 lakh for the assessment year 2009-2010.
According to the affidavit filed with the Election Commission, the couple had movable assets of Rs 6.35 crore and immovable assets of Rs 21 crore as per present market values. “We knew little about Mr Deepak Reddy till our party president (Mr Chandrababu Naidu) announced a few months ago that he would be contesting from Rayadurg,” a senior Telugu Desam MLA from Anantapur told this newspaper.
“We imported him because no local leader was willing to contest and he expressed readiness to spend in the elections,” he admitted. Mr Reddy had informed election authorities that he was filing a separate annexure giving details of properties which had not been registered but for which he had “agreements, memorandum of understanding, joint sharing, judgement and decrees from competent courts of law”.
Some of the properties that he listed in the affidavit are long disputed and in some cases the government has also claimed ownership of them. Mr Deepak Reddy was not available for comment.
Some assets of Deepak
Rs 3,128cr: In Survey No 1 to 232 measuring 3128 acres in Zaheerabad, Sanga Reddy, Hayatnagar
Rs 943cr: Land in several Survey Nos in Asifnagar mandal in city worth
Rs 529 cr: Land in Survey No 1 to 178 measuring 1822 acres in Kothwalguda, Shamshabad
Rs 404 cr: Land on Road No 2 Banjara Hills
Rs 367 cr: Land in Survey No 102/1 in Hakeepmpet, Banjara Hills, 19 acres
Rs 340 cr : 64 acres in Sy No 66 of Raidurg, Ranga Reddy district
Rs 331 cr: Land in several sy nos in Bandlaguda
Rs 309 cr: 64 acres in Survey no 64 of Raidurg
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