Nagababu, also known as Konidela Nagendra Rao, recently filed his nomination as an MLC candidate from Janasena. His election affidavit has revealed intriguing details about his financial standing, including loans, assets, and liabilities.
According to the affidavit, Nagababu has borrowed ₹28.48 lakh from his elder brother Chiranjeevi and ₹6.90 lakh from his younger brother Pawan Kalyan. He also confirmed that he has no police cases registered against him.
His total home loan across two banks amounts to ₹56.97 lakh, while his car loan stands at ₹7.54 lakh. Additionally, he has debts totaling ₹1.64 crore, taken from various individuals and institutions.
Nagababu’s Assets Breakdown:
- Movable assets: ₹59.12 crore
- ₹55.37 crore in mutual funds and bonds
- ₹21.81 lakh in cash
- ₹23.53 lakh in bank deposits
- ₹1.3 crore loaned to others
- Luxury vehicles: A Benz worth ₹67.28 lakh and a Hyundai worth ₹11.04 lakh
- 226 grams of gold worth ₹18.10 lakh
- Wife’s assets: 55-carat diamonds (₹16.50 lakh), 724 grams of gold (₹57.99 lakh), and 20 kg of silver (₹21.40 lakh)
- Immovable assets: ₹11 crore
Nagababu’s affidavit provides a transparent look into his financial affairs, showcasing both his wealth and liabilities. With his nomination filed, all eyes are now on the upcoming election. Stay tuned for more updates!
