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74 out of 265 contesting candidates from the State are crorepatis


April 24, 2014 - Hyderabad

Association for Democratic Reforms and State Election Watch a group of NGOs said that as many as 74 candidates out of 265 candidates form the State for Lok Sabha are crorepatis.

It said that the average assets per candidate stood at Rs 8.49 crore witnessing an increase from Rs 2.50 crore in 2009 elections. It said that TDP has the highest number of crorepatis with 89 per cent followed by TRS with 82 per cent and with Congress with 81 per cent. According to it, TRS candidate from Chevella Lok Sabha Konda Visweswara Reddy with Rs 528 crore, Nama Nageswara Rao of TDP Khammam contestant with Rs 338 crore and followed by G. Vivekananda Congress Peddapalli candidate with Rs 266 crore. The NGO said that the assets of some candidates have doubled and tripled in the last five years citing an example of G Vivekananda who declared assets worth Rs 72 crore in 2009 had increased to Rs 266 crore while of Nama Nageswara Rao who declared his assets in 2009 as Rs 173 crore had gone to Rs 338 crore by now.

The average assets value has increased of 17 TRS candidates is Rs 43.44 crore (Rs.5 crore during 2009), nine TDP candidates is Rs 68.07 increased from Rs 23 crore in 2009 and 16 Congress candidates Rs 30.61 crore from Rs 12 crore in 2009.

Among the new parties, 13 YSR Congress candidates have the average assets of Rs 4.29 crore, eight BJP candidates have Rs 26.73 crore (Rs 1.45 crore in 2009), and eight AAP candidates have average assets worth Rs 1.47 crore.

Andhra News

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