HYDERABAD: Kompella Madhavi Latha, the BJP candidate for the Hyderabad Lok Sabha seat, has declared her household belongings value Rs 221 crore in an affidavit submitted to the Election Fee. Based on her earnings and belongings declaration, Madhavi Latha and her husband Kompella Viswanath, and their three dependent kids, have movable belongings of Rs 165.46 crore. Apparently, the couple has immovable belongings of Rs.55.91 crore. Primarily based on her earnings and belongings declaration, she is likely one of the richest candidates in Telangana.
Movable Property And Earnings
In her affidavit, Madhavi Latha declared that she has movable belongings of Rs 31.31 crore together with funding of Rs.25.20 crore in listed and unlisted firms. In addition to, she has investments of Rs 7.80 crore in Virinchi Ltd and owns gold jewelery value ₹ 3.78 crore. Her husband has movable belongings of Rs 88.31 crore together with shares value Rs 52.36 crore in Virinchi Ltd. Their three dependent kids additionally personal whole movable belongings of over Rs 45 crore.
Madhavi Latha's affidavit mentions the couple as enterprise individuals. The BJP candidate has properties value Rs 6.32 crore, and her husband's properties are valued at Rs 49.59 crore. These embrace buildings and land in and round Hyderabad.
Apparently, Madhavi Latha has money owed of Rs 90 lakh, whereas her husband owes Rs 26.13 crore. Her earnings final 12 months was Rs 3.76 lakh, Madhavi Latha's earnings throughout 2022-23 was Rs 3.76 lakh whereas it was Rs 1.22 crore throughout 2021-22. In the meantime, her husband Viswanath earned Rs 2.82 crore final 12 months, down from Rs 6.86 crore the 12 months earlier than.
She additionally has one felony case registered in opposition to her. The case in opposition to Madhavi Latha was registered final week at Begum Bazar Police Station below Indian Penal Code (IPC) part 295-A. She is alleged to have made an inappropriate gesture of drawing an imaginary arrow and capturing on the Masjid situated on the circle of Siddi Amber Bazar.
How Wealthy Is AMIM's Asaduddin Owaisi?
In the meantime, her AIMIM rival and sitting Hyderabad MP Asaduddin Owaisi has declared household belongings value over Rs 23.87 crore. In 2019, the AIMIM chief declared belongings value Rs 13 crore. Whereas he doesn’t personal a automobile, his spouse owns movable belongings value Rs 15.71 lakh and immovable belongings value Rs 4.90 crore. Owaisi, nevertheless, owns two weapons – one NP Bore .22 Pistol and one NP Bore 30-60 Rifle, based on his affidavit.
The AIMIM chief owns no agricultural or non-agricultural land or industrial buildings. His residential constructing at Shastripuram has been valued at Rs 19.65 crore. Owaisi has one other home value Rs 96 lakh in Misrigunj which was a present, based on his affidavit.
Madhavi Latha, 49, resides within the twin metropolis of Secunderabad and joined the BJP not too long ago. She is making her electoral debut as BJP candidate from the Hyderabad seat and faces AIMIM MP Asaduddin Owaisi within the elections.
