c. Sri Nara Lokesh has no source of income even as a minor and subsequent to attaining majority in 2001 as evidenced by his IT returns. However, he acquired Lands at Nindali village in Nellore Dist of AP and near Bangalore and Mumbai worth of hundreds of crores, apart from the prime property ‘gifted’ to him by his grandmother.
d. Sri Lokesh has been consistently increasing his stake in Heritage Foods India Limited from nil to 9%. He has substantial stake in holding and investment companies viz., Nirvana Holdings Private Limited, Nirvana power limited, Nirvana logistics and warehousing limited, Nirvana energy limited, Nirvana estates private limited, Niravana Packing private limited, Niravana media private limited, Megabid Finance and investments private Ltd, Heritage foods retail limited, Heritage onpro limited, heritage agro marine private limited, Heritage Fin Lease Limited, Bizpro Technologies Limited, Red Hill logistics and warehousing private limited and Heritage international limited, all of which are from unknown sources.
e. Sri Naidu has evidently used his mother, his wife and his son to be the conduits of money laundering, and also to obtain benefits from the various corporate houses that he has favoured. Apart from these three family members among others, he has also utilized the services of several small time businessmen, in making them the recipients of State largesse and the benamis for his illegal transactions, rewarding them both financially and with posts in the TDP, apart from the prestigious Rajya Sabha seats for certain favourites.
