Kadapa, April 20
In an intriguing turn of events, YS Sharmila, the sister of Andhra Pradesh Chief Minister Jaganmohan Reddy, has filed her nomination for the Kadapa Lok Sabha constituency in the upcoming 2024 elections. In her nomination affidavit, several noteworthy details have come to light, shedding light on the complex dynamics within the Reddy family.
Among the most striking revelations is the disclosure that Chief Minister Jaganmohan Reddy has provided a loan of over Rs. 82 crores to Sharmila. This financial transaction underscores the political rift between the siblings as Sharmila enters the electoral fray against her brother.
Additionally, the affidavit indicates that Sharmila, a newcomer to electoral politics, has declared assets totaling Rs. 182.82 crores, with previously undisclosed assets now being made public for the first time. Notably, a substantial portion of her assets comprises movable assets valued at Rs. 123.26 crores, while her immovable property stands at Rs. 9.29 crores.
However, amidst her considerable wealth, Sharmila has also acknowledged debts owed to both her brother Jaganmohan Reddy and his wife YS Bharti Reddy. The affidavit reveals debts amounting to Rs. 82.58 crores owed to Jaganmohan Reddy and Rs. 19,56,682 to his wife.
Furthermore, Sharmila’s annual income is disclosed as Rs. 97,14,213, while her husband’s income stands at Rs. 3,00,261. The couple’s financial profile includes significant holdings of gold and diamond ornaments, with Sharmila possessing gold worth Rs. 3.69 crores and diamond ornaments valued at Rs. 4.61 crores.
In contrast, Sharmila’s husband, Anil Kumar, possesses relatively modest immovable assets worth Rs. 4.05 crores and debts totaling Rs. 35.81 crores. Notably, Bharti Reddy’s assets consist primarily of debts owed, amounting to Rs. 82.77 crores, highlighting the intricate financial arrangements within the family.
The disclosure of these financial intricacies adds a new dimension to the political landscape of Andhra Pradesh, as YS Sharmila prepares to contest the elections in Kadapa amid familial tensions and complex financial dealings.
