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Sreeramulu worth Rs 43.74 cr

Former minister and founder of BSR Congress, B Sreeramulu, has declared that he owns assets totally worth Rs 43.74 crore.

In his affidavit filed along with his nomination papers for the Bellary Rural seat, he has said that he owns moveable properties worth Rs 28.97 crore, including more than four kg gold (valued at Rs 1.15 crore as per the current market rates) and Rs 12.45 lakh in cash. His immovable properties are worth Rs 14.77 crore. The moveable properties include the gold weighing 2.33 kg and worth Rs 62.9 lakh, owned by his wife Bhagyalakshmi.

The insurance policies in the names of the former minister’s children are worth Rs 5.75 crore. The immovable properties include agricultural lands, sites, a house, another house under construction and a commercial complex, all valued at Rs 13.74 crore, in places like Bellary, Gadag and Bangalore.

The vehicles in his possession include a Hummer car worth Rs 1.2 crore and a BMW car worth Rs 1.08 crore. Bhagyalakshmi owns a Hyundai Santa-FE car worth Rs 14.45 lakh. She has cash amounting to Rs 3.25 crore. She has immovable properties worth Rs 1.03 crore.

Sreeramulu owns bonds, debentures and shares worth Rs 6.61 crore, besides Rs 40.52 lakh deposited in banks and financial institutions. Sreeramulu, who has a BA degree from the Alagappa University in 2008, has eight cases registered against him which are in various stages of hearing in the court.

Source : DH
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