Revanth Reddy offered a clarity on the assets owned by him after the Income Tax Raids and allegations of financial irregularities. He claimed, ‘I had mentioned about the assets owned by Me in the elections affidavits submitted while contesting as MLC (2007) and MLA (2009, 2014). Except 12 acres land purchased by Me in my native place, I have nothing other than what’s been mentioned in them’.
The Lawmaker told: ‘I obtained bank loan to construct house in Banjara Hills. Upper Floors in the 4-storey building were offered to few IT Companies in the past few years. These IT Firms used My Residential Address as their Address as they stay in the same premises. Some of them were even shut down due to losses. I am just the House Owner. You will know how many companies were registered with my address and who acted as Directors if you check details in the Register Of Company website’.
Revanth Reddy claimed his Father-in-Law Padmanabha Reddy was born rich. ‘My Father-in-Law’s Dad Durga Reddy was crorepati in the 1940s itself. Even before My Marriage, They have assets in Banjara Hills and Jubilee Hills. These people say My Father-in-Law who was born with silver spoon is My Benami. How much is the net worth of my in-laws Padmanabha Reddy, Swapna Reddy and Jayaprakash Reddy? You should know about their income source before making allegations,’ he advised.