Backward Castes association president Krishnaiah is contesting from Miryalaguda as MLA candidate on Congress ticket this time. Recent affidavit as part of his nomination revealed shocking facts. His wealth increased by 204 times in last 5 years as per that affidavit.

It is known news that Congress pulled him into their party in the last minute, when there has been criticism on the party for neglecting BC leaders in the allotment of tickets. By roping someone who is an iconic figure for BCs. Congress successfully put check to all allegations on neglecting BCs in the tickets. However, people couldn’t digest Krishnaiah switching loyalties like any other politician.

Krishnaiah contested in 2014 on TDP ticket from LB Nagar constituency and won from there. During his nomination in 2014, he disclosed that his total wealth is 22.82 lakhs. This included all the properties he got as inheritance and all his earnings. Now, in 2018, he declared his total assets as whopping 46.72 crores, which is almost 204 times of what he declared 4 years ago. As per his latest affidavit, he has 34 acres of agricultural land and 2.8 kgs of gold.

We will have to wait and see whether Krishnaiah reveals how his assets appreciated so fast.