Probe Companies Owned By Chandrababu’s Family: Petition

14 Dec, 2018 16:12 IST|Sakshi
Probe Companies Owned By Chandrababu’s Family: Petition

Hyderabad: Andhra Pradesh Chief Minister Chandrababu Naidu and his family have been voluntarily disclosing assets and liabilities every year for the last 8 years.

However, an analysis by the Association for Democratic Reforms found that Chandrababu was the richest Chief Minister of the country with declared combined assets of Rs. 177 crores in his election affidavit.

In a bid to uncover the transactions made through 20 different companies owned by Chandrababu and his family members, an Advocate Immineni Srinivas Rao on Thursday filed a petition in the Hyderabad High Court requesting it to direct the Registrar of Companies (ROC) and Serious Fraud Investigation Office (SFIO) to take action on a complaint he filed with them asking to investigate the transactions of the companies owned by Andhra Pradesh Chief Minister N Chandrababu Naidu’s family members.

In his petition he said that the SFIO and ROC had not taken any action on the complaint he filed with them on November 26, asking them to look into the transactions of the 20 companies which were registered in the names of the Chandrababu, his son and minister N Lokesh, wife N Bhuwaneshwari and also daughter-in-law Brahmini, under Sections 212 and 217 of Companies Act, and also to assign a Universal Account Number (UAN) to them.

The Union Government, ROC, SFIO and also some of the companies, besides including Chandrababu Naidu, were made parties in the petition which was adjourned for hearing at a later date.

Also Read: How Much are Chandrababu, Lokesh, Brahmani and Devansh Assets Worth?

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