K Chandrashekar Rao

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A brief biography

2014-18: assets

U Sudhakarreddy, KCR is a crorepati farmer with assets worth ₹22cr, November 15, 2018: The Times of India

TRS chief and Telangana’s first chief minister K Chandrashekar Rao (KCR) is a wealthy farmer with assets worth Rs 22 crore. But, according to an affidavit filed with his nomination papers, he doesn’t own a car. Ironically, his party’s symbol is a car.

When he contested Telengana’s first election in 2014, KCR had said he didn’t own a car. On taking office in 2014, he had changed the colour of three of the six cars in his official convoy from black to white, apparently after consulting an astrologer. In 2015, his government added four new Toyota Land Cruiser Prados to his convoy. The cost was estimated at nearly Rs 1 crore, which included bullet-proofing of the vehicles.

Rao, who filed his nomination from Gajwel on Wednesday, listed his profession as ‘agriculturalist’ and declared a net income of Rs 91.5 lakh annually. Despite this, he has told the Election Commission that he owes his son KT Rama Rao Rs 84 lakh, and his daughter-in-law K Shailima Rs 24 lakh.

While filing his nomination papers in 2014, KCR had declared himself to be a businessman and a farmer. He has now chosen to give up the ‘businessman’ tag.

The CM has mentioned he has invested Rs 3.2 crore in his farm and the total value of the farmhouse is Rs 6.5 crore. His total assets were Rs 15 crore four years ago and have now increased to Rs 22 crore.

KCR has investments in companies that run a TV channel and a newspaper. He owns gold jewellery worth Rs 2.4 lakh, while his wife has diamonds and gold worth Rs 93 lakh.

KCR is facing 63 criminal cases across Telangana, most registered by the government railway police during the Telangana agitation. In his affidavit, he said that as the summons have not been issued, he is not aware of case numbers and the jurisdiction of the courts.

See also

Assets of legislators (PM, CMs, Ministers, MPs, MLAs...): India

K Chandrashekar Rao

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