The other day, Nagababu filed his nomination as the MLC candidate from Janasena. His affidavit gives interesting details of Nagababu’s financial position.
Firstly, Nagababu’s real name is Konidela Nagendra Rao.
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He revealed in his affidavit that he had taken loans from his elder brother Chiranjeevi and younger brother Pawan. He revealed that he had borrowed Rs. 28,48,871 from his elder brother Chiranjeevi and Rs. 6.90 lakh from his younger brother Pawan Kalyan.
He said that he did not have a single police case against him.
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He divulged that the total home loan in two banks is Rs. 56.97 lakhs and the car loan is Rs. 7,54,895. Apart from these, he has debts of Rs. 1.64 crores taken from other individuals and institutions.
He revealed that he had movable assets worth Rs. 59 crore and immovable assets worth Rs. 11 crore.
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Nagababu stated in his affidavit that he had movable assets worth Rs. 55.37 crore in the form of mutual funds and bonds, Rs. 21.81 lakh in hand and another Rs. 23.53 lakh in the bank.
He also stated that he had given loans of Rs. 1.3 crore to others.
The Affidavit said that he had a Benz car worth Rs. 67.28 lakh and another Hyundai car worth Rs. 11.04 lakh.
He revealed that he has 226 grams of gold worth Rs. 18.10 lakhs, his wife has 55 carat diamonds worth Rs. 16.50 lakhs, 724 grams of gold worth Rs. 57.99 lakhs, and 20 kg of silver worth Rs. 21.40 lakhs.
He also explained in the election affidavit that he has movable assets worth a total of Rs. 59.12 crores.
