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Assets of 165 re-elected Lok Sabha MPs shoot up by 137 %

Thursday, 22 May 2014 - 5:51pm IST | Place: New Delhi | Agency: PTI

The assets of 165 MPs re-elected to the 16th Lok Sabha have on an average risen by a whopping 137 per cent between 2009 and 2014, and the highest increase in assets among them was that of BJP's Shatrughan Sinha.

According to a report of Association for Democratic Reforms (ADR), the assets of the actor-turned politician who was re-elected from Patna Sahib seat in Bihar, grew by a whopping 778 per cent in the span of five years. Sinha's assets jumped from Rs 15 crore in 2009 to Rs 131.74 crore in 2014, which is an increase of Rs 116.73 crore.

Second on the list is BJD MP from Puri constituency of Odisha, Pinaki Mishra whose assets increased from Rs 29.69 crores in 2009 to Rs 137.09 crores in 2014. Former Union minister and NCP leader Sharad Pawar's daughter Supriya Sule, who won from Baramati constituency in Maharashtra, is on the third position with her assets increasing from Rs 51.53 crores in 2009 to Rs 113.90 crores in 2014, a rise of Rs 62.37 crore.

The civil society group, ADR have analysed the affidavits of 165 out of 168 re-elected MPs. The rest of the MPs were not analysed due to unclear or incomplete affidavits uploaded on the ECI website, ADR said.
"The average asset growth for these 165 re-elected MPs, between the Lok Sabha Elections of 2009 and 2014 is Rs 7.40 crores which is an increase of Rs 137 per cent," the ADR report said. The report reveals that the average assets of these 165 re-elected MPs fielded by various parties in 2009 was Rs 5.38 crore. Their average assets in 2014 have grown to Rs 12.78 crore which is a rise of Rs 7.40 crores.

When it comes to parties, the highest rise in assets was registered by the re-elected MPs of Shiromani Akali Dal whose assets rose from Rs 31.75 crore to Rs 58.88 crore. This was followed by Jaganmohan Reddy's YSR Congress whose candidates' assets grew from 18.53 crore to 29.06 crore. Third on the list is Biju Janta Dal (BJD). Assets of the party MPs grew from Rs 7.09 crore to Rs 24.15 crore. 

N. Chandrababu Naidu's Telugu Desam Party (TDP) is fourth on the list with its MPs' assets growing from Rs 4.44 crore to Rs 17.03 crore. They were followed on the fifth position by MPs of Samajwadi Party. Assets of SP MPs rose from Rs 3.94 crore to Rs 15.5 crore. The assets of SP MP Dimple Yadav grew by 210 per cent while her father-in-law and SP supreme Mulayam Singh Yadav's properties grew by 613 per cent.

The two major national parties, BJP and Congress were on number sixth and seventh on the list. While assets of BJP's MP s grew from Rs 5.11 crore to Rs 12.6 crore, properties of Congress MPs rose from Rs 5.66 crore to Rs 11.57 crore. A total of 78 MPs were re-elected from the BJP whose assets grew by around Rs 7 crore on an average, a rise of 146 per cent. There average assets in 2009 were around Rs five crore which grew to more than Rs 12 crore in 2014.

Twenty nine Congress MPS managed to stage a comeback to the Parliament. Their average assets rose by around Rs 5.90 crore during the last five years. The average assets of these MPs in 2009 were around Rs 5.55 crore which swelled to Rs 11.57 crore in 2014. Among the other prominent leaders whose assets grew exponentially are Gopinath Munde, Varun Gandhi, Maneka Gandhi, Dimple Yadav, Jytiraditya Scindia and Mulayam Singh Yadav.

Gopinath Munde, who won on a BJP ticket from Beed, Maharashtra saw his assets rising from Rs 6 crore in 2009 to Rs 38 crore in 2014, a hike of 511 per cent. Assets of BJP MP Varun Gandhi, who won from Sultanpur, grew by Rs 30 crore, a whopping 625 per cent. He had declared assets worth Rs 4 crore in 2009 while in 2014 he declared that he has properties worth Rs 35 crore.

His mother and BJP MP from Pilibhit, Maneka Gandhi, saw her assets increase by 105 per cent. Assets of Congress MP from Guna Jyotiraditya Scindia grew by 122 per cent during the last five years and he has bene ranked eighteenth on the list. His assets in 2009 were Rs 14 crore which grew to Rs 33 crore in 2014, a rise of Rs 18 crore.


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