Telangana Minister KT Rao increased his assets by 424 pc: Congress

Hyderabad: Congress party on Saturday alleged that Telangana Rashtra Samithi (TRS) leader and Cabinet Minister KT Rama Rao, son of caretaker Chief Minister K Chandrashekar Rao, increased his assets by 424 per cent since 2014.

“In 2014 KT Rama Rao and his spouses disclosed their total assets at Rs 7,98,79,449 but in 2018 they disclosed their total assets at Rs 41,82,94,428, which means a 424 per cent increase in his assets in the last four years,” said Madhu Yashki Goud, secretary of All India Congress Committee (AICC), while speaking to ANI.

Goud said that in 2016 Rao went on a tour to Singapore and Malaysia to meet investors and bring a huge amount of investment to Telangana to create more jobs. “However, he was not only accompanied by a higher official, but also a controversial businessman Teja Raju who is the son of Satyam Computers founder Rama Linga Raju, who has tainted a past,” said Goud.

Goud alleged that KT Rao personally took Teja Raju and toured with him across Singapore and Malaysia and the money which was made in Telangana was parked in two countries and was re-routed back to Teja Raju’s company.

The Legislative Assembly elections in Telangana are due on December 7. The counting of votes will take place on December 11.