The son of AP Chief Minister Chandrababu Naidu, Nara Lokesh, on Wednesday has declared his family assets and has claimed that Nara Family is the only political family who have announced its assets and liabilities for the sixth consecutive year.

By stating that his father and the AP CM Nara Chnadrababu Naidu’s net worth is Rs. 6.7 Crores, Lokesh said, “He has assets worth Rs 3.73 crore, a bungalow worth Rs 3.68 crores in Jubilee Hills and a 1993 model Ambassador Car worth Rs 1.52 lakhs. He also has liabilities worth Rs 3.06 crores to Bank of Baroda.”

Asserting that his family derives income from a public listed company established in 1992, Heritage, Lokesh said, “Heritage is being operated with utmost transparency and it has received several awards. Although there were several inquiries instituted by the ruling parties in the past, none could prove the allegations.”

He further said that, Chandrababu Naidu’s wife, Nara Bhuvaneswari, has net assets worth Rs. 24.84 crore. He explained that although her total assets including jewelry, lands and share in Heritage amounts to Rs. 38.66 crores, she ahs the liabilities of worth Rs. 13.82 crores.

With a land in Madinaguda and a bungalow in Jubilee Hills, Nara Lokesh has assets of Rs. 14.5 crores and  liabilities worth Rs. 6.35 crores, which amounts his net worth to Rs. 8.15 crores.

According to declaration, Lokesh’s wife Brahmani owns total assets worth Rs. 12.75 crore and her net worth is Rs. 12.33 crore. Their son Devansh, has total assets of Rs. 11.32 crore.

Lokesh had handed the full book of his declarations to the media and added that his father-in-law and actor Balakrishna has lent Rs. 2 lakh to his family.

(Video Source: NTV Telugu)

By Prajakt K.