Rama Rao has movable assets worth Rs 3.63 crore

Hyderabad: Telangana minister in the caretaker government K T Rama Rao has movable assets worth Rs 3.63 crore.

According to his nomination filed Monday, Rao declared that his wife Shailima has nearly four kg gold and diamonds and has assets worth over Rs 36.70 crore (as per current market value) with Rs 27.39 crore liabilities.

Rao, son of caretaker chief minister K Chandrasekhar Rao, has immovable assets of Rs 1.30 crore. He also has liabilities of Rs 33.28 lakh. Rao earned about Rs 74 lakh income, including from agriculture, during the last fiscal.

His wife’s income stood at Rs 4.60 crore. He is facing 16 criminal cases, which were filed during the separate Telangana Statehood agitation in 2011-13, according to the affidavit. His Congress rival KK Mahender Reddy has fixed assets worth Rs 3.80 crore and movable assets of Rs 41 lakh.

Congress state working president Revanth Reddy has assets worth about Rs 9.67 crore, while his wife Rs 11.71 crore with liabilities of Rs 1.47 crore and 1.36 crore, respectively. According to his affidavit, Reddy has 35 cases against him.