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Revision as of 05:16, 15 June 2018
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Lakireddy Bali Reddy | |
|---|---|
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| Born | May 20, 1937 Velvadum, Krishna District, Andhra Pradesh, India |
| Nationality | United States |
Lakireddy Bali Reddy (Telugu: లకిరెడ్డి బాలి రెడ్డి; born May 20, 1937) is a landlord, convicted felon, and chairman of the Lakireddy Balireddy College of Engineering.[1][2]
Reddy came to the United States in 1960 to study engineering at the University of California, Berkeley. By 1975, Reddy had opened a successful Indian cuisine restaurant in downtown Berkeley. He used its profits to purchase over 1,000 run-down apartment buildings, making him, by the year 2000, the largest and wealthiest landlord in the city (other than the University of California), with a worth estimated at US$69 million[1]
Early life and education
Reddy was born in 1937 in the village of Velvadam, in the Krishna district of Andhra Pradesh, India[1][3] and at age 17 was married for the first time to a 14-year-old girl.[4] Married three times, Reddy has two sons, Vijay and Prasad Lakireddy.[5]
Reddy completed his Bachelors in Science and Bachelors in Technology degrees from Osmania University in Hyderabad and then attended the University of California, Berkeley on a scholarship in 1960, graduating with a master's degree in chemical engineering.[6]
Business and trafficking
In 1975, Reddy opened the Pasand Madras Indian Cuisine restaurant in downtown Berkeley. By 2000, he used its profits to become the second largest property owner in the city, second only to the University of California, by his acquiring over 1,000 rundown apartment buildings.[6] By 2000, he owned real estate assets valued at US$69 million[1] and had income of US$1 million per month from his 1,000 rental properties.[4][7]
Reddy also owned a construction company with his brother Hanimireddy Lakireddy (a Yale University trained cardiologist)[1] that was located near his restaurant in Berkeley. He opened a second Pasand Indian Cuisine Restaurant in Santa Clara, and owned nightclubs in Berkeley and San Francisco.[4]
Using the profits from his U.S. businesses, Reddy built two elementary schools, a high school, created sources of clean drinking water, and paid for a new wing at the local hospital in the Velvadam, the community where he was born.
Because of Reddy’s many capital expenditures, Velvadam became known as a mini-U.S.A. Some villagers adored him for his power and spending.[4]
- ^ a b c d e Chabria, Anita (November 25, 2001). "His Own Private Berkeley". Los Angeles Times. Archived from the original on October 17, 2013. Retrieved October 17, 2013.
{{cite news}}: Unknown parameter|deadurl=ignored (|url-status=suggested) (help) - ^ "Lakireddy Bali Reddy College Of Engg". www.lbrce.ac.in. Archived from the original on April 22, 2016. Retrieved April 18, 2016.
{{cite web}}: Unknown parameter|deadurl=ignored (|url-status=suggested) (help) - ^ "Lakireddy Bali Reddy". Edupreneurs. Archived from the original on October 19, 2013. Retrieved October 17, 2013.
{{cite web}}: Unknown parameter|deadurl=ignored (|url-status=suggested) (help) - ^ a b c d Russell, Diana (2001). The Lakireddy Bali Reddy Case (Report). Women Against Sexual Slavery. Archived from the original on March 3, 2016. Retrieved April 5, 2016.
{{cite report}}: Unknown parameter|deadurl=ignored (|url-status=suggested) (help) - ^ Cite error: The named reference
servitudewas invoked but never defined (see the help page). - ^ a b "Chairman Profile". Lakireddy Bali Reddy College of Engineering. Archived from the original on October 19, 2013. Retrieved October 17, 2013.
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