Tirupati mayoral candidates J.B. Srinivas of the Telugu Desam and Y. Vasudeva Yadav of the YSRC have disclosed their assets, liabilities and pending criminal cases in election affidavits, putting financial and legal records at the centre of the municipal contest.
Srinivas has declared family assets of Rs 11.13 crore, including movable assets worth around Rs 3.07 crore and immovable assets valued at Rs 8.05 crore. His family has also reported liabilities of approximately Rs 2.51 crore owed to banks and financial institutions.
According to the affidavit details reported by Deccan Chronicle, Srinivas’ movable assets include cash, bank deposits, vehicles and gold jewellery. He has declared 220 grams of gold in his name and 550 grams in the name of his wife, Rajyalakshmi. The combined value of the jewellery is around Rs 1 crore.
His immovable assets include 5.05 acres of agricultural land in Tirupati rural, commercial and residential properties in KR Nagar, and agricultural and non-agricultural land in Tiruchanur. He has also declared rights in 12 plots in JB Enclave. Srinivas has completed a Bachelor of Commerce degree.
Srinivas’ affidavit records three pending criminal cases. One case is registered at the SVU police station and two are registered at Tirupati Rural police station. The report does not state that these cases have resulted in convictions.
YSRC candidate Vasudeva Yadav has declared movable assets worth Rs 11.43 lakh, while his wife, N. Vineela, a government doctor, has reported movable assets worth Rs 19.66 lakh. Their declared assets include cash, bank deposits, two two-wheelers and gold jewellery.
Yadav has reported Rs 2 lakh in cash, while his wife has declared Rs 50,000. His wife’s assets also include a car valued at Rs 12 lakh and 50 grams of gold jewellery. Neither Yadav nor his wife has declared any immovable property.
Yadav, who holds a Physiotherapy degree from NTR University of Health Sciences, has declared that he has no personal liabilities. His wife has reported a Rs 30 lakh overdraft with Bajaj Finance and a car loan of Rs 7.22 lakh.
The YSRC candidate has disclosed more than 18 pending criminal cases registered at various police stations in Tirupati. As with Srinivas’ disclosures, the reported cases are pending matters and should not be treated as convictions.
The affidavits provide voters with details of the candidates’ reported financial interests and legal records as they consider who should lead Tirupati’s municipal administration. The disclosures also form part of the statutory information available through the election process.
