TPCC welcomes IT notices to over 40 TRS MlAs; demands detailed probe

TPCC welcomes IT notices to over 40 TRS MlAs; demands detailed probe

Agency News

Hyderabad, May 6 : Welcoming the notices sent by the Income Tax Department to more than 40 TRS MLAs, including Chief Minister K. Chandrashekar Rao, popularly known as KCR, seeking an explanation into the huge rise of their assets in the last 4-5 years, Telangana Pradesh Congress Party (TPCC) on Monday demanded that it should conduct a detailed probe into the issue.

''There is no doubt that many ruling TRS MLAs have accumulated huge wealth through illegal means and their assets were disproportionate to their know sources of income'', TPCC Treasurer Gudur Narayana Reddy said in a media statement on Monday. The IT Department should either conduct a high-level probe or recommend to CBI or a judicial inquiry be held into the swindling of public money by the ruling party legislators, he said.

The Congress leader pointed out that KCR family and other TRS MLAs have earned huge wealth in very a short time. "KCR family has officially entered the Rs 100 Crore Club'', he alleged. The entire world knows that KCR and all his family members are full time politicians. But all five family members who are in politics have earned huge assets without actually doing any business," he said.

As per the latest affidavits filed by KCR and his family before the Election Commission, they have declared assets of Rs. 111.54 Crore including Chandrashekhar Rao ( Rs. 23.55 Cr) , his son K. Taraka Rama Rao ( Rs. 41.82 Cr) and his Nephew T. Harish Rao ( Rs. 11.44 Cr) ; his daughter K. Kavitha (Rs. 17.93 Cr) and his co-brother’s son J. Santosh Kumar( Rs. 16.80 Cr), the Congress leader said.

While Telangana movement was at its peak, KCR was increasing his assets and his assets from just Rs. 85.95 lakh in 2004 to Rs. 23.55 Crore by December 2018. At this pace and also the addition of another member (Santosh Kumar), one can expect the KCR family to add another Rs 100 Crore or more assets in the next five years, Mr Reddy said. The Congress leader said it appears that KCR's family was taking all TRS MLAs along in making money.

Of 88 MLAs who got elected on TRS ticket, assets of 58 MLAs have increased by more than 50 per cent in the last 4 years from 2014-2018, he stated. The assets of 4 MLAs have increased by more than 1000 per cent since 2014 -- Gadari Kishore Kumar (Rs. 1.82 Lakh to Rs. 1.06 Cr); Dasyam Vinay Bhasker (Rs. 31.69 Lakh to Rs. 5.61 Cr); Guvvala Balaraju (Rs. 48.51 Lakh - Rs. 6.96 Cr) and Shakil Aamir Mohammed - (Rs. 1.34 Cr - Rs. 18.91 Cr), the TPCC Treasurer said.

Of the 79 MLAs, who had won or contested the 2014 election on TRS ticket, Mr Reddy said as many as 22 had assets only in a few lakhs or below Rs. 1 Crore. But in 2018, the assets of only 4 MLAs were below Rs. 1 Crore. But three of them are very close to join the 'Crorepati Club'. Mr Reddy pointed out that as per the assets declared in December 2018 Assembly election, the present assets of 88 MLAs elected on TRS ticket are of nearly Rs. 1290 Crore while in 2014, the overall assets declared by 78 MLAs/ Contestants were of about Rs. 700 Crore. Therefore, there has been an increase in assets of TRS MLAs by more than Rs. 500 Crore in the four years.

This huge increase in assets of TRS MLAs is abnormal and the IT Department must trace the origination of funds which were used to buy assets and also probe into the authenticity of sources of income declared by TRS MLAs in IT Returns, he demanded . Congress party strongly suspect that the TRS MLAs have accumulated huge wealth through corruption and kickbacks in irrigation and other projects and it should be returned to the exchequer by conducting a fair and in-depth probe, he demanded.