Friday, 17 January 2014

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Jaganmohen Reddy used to be the Indian National Congress leader. As of May 2013, he is serving as a member or Parliament for the Kadapa region under the parliament of India. He has accumulated about 446 crore rupees. That translates to 407 crore rupees and 39 crore rupees in movable and immovable assets, respectively.

Some of that wealth, however, might be channelled to the government or some other entity if the charges against him for corruption and for embezzlement is proven true in court.  However, he maintains that his wealth—which he owns jointly with his wife—came from legal sources, from his companies Bharathi Cements, Sandur Power Compant. And Jagati Publications.

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