Hyderabad: Since 2014, the TPCC president Nalamada Uttam Kumar Reddy gets ‘poorer’.
The wealth of Uttam Kumar had dropped from Rs 2.81 crore to Rs 2.08 crore loosing 73 lakhs since 2014.
According to the affidavit of his nomination papers, the value of his movable dropped from Rs 34,04,152 to Rs 8,94,164.
Even the value of his immovable assets fell from Rs 2, 47,36,032 to Rs. 2,00,00,646 since 2014.
He said, he had bank deposit of only 10 lakh and had no investments and shares.
According to a report, he owns non-agricultural land in Suryapet, a plot in Huzurnagar, a residential house at Jubilee Hills and few flats in Hyderabad. For 2017-18, he paid Rs 2.4 lakh tax and his wife Rs 9.19 lakh.