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Jharkhand candidate has Rs 2.75 crore-antiques

Wednesday, 2 April 2014 - 7:15am IST | Place: Hazaribagh (Jharkhand) | Agency: dna

The Bharatiya Janata Party's candidate from Jharkhand's Hazaribagh Lok Sabha constituency, known for its coal reserves, has an antiques collection worth Rs 2.75 crore.

Venture capitalist Jayant Sinha, who is the son of senior BJP leader and former union minister Yashwant Sinha, and Jayant's wife Punita, have been collecting antiques, including artworks, porcelain, figurines and furniture, for the last two decades. The couple have declared in their affidavit that the combined value of these assets is Rs 2.75 crore.

"I have been collecting antiques, especially from far east Asia for more than 20 years," the 50-year-old told dna. "I have artworks by nearly all the great Indian masters, such as MF Hussain, SH Raza and Ram Kumar. I also have a huge collection of canvases by Dutch artists."

Additionally, in his affidavit, Jayant has declared movable assets worth more than Rs 43 crore and immovable assets worth more than Rs 7 crore. The couple's jewellery is worth more than Rs 1.9 crore.

The BJP has represented the Hazaribagh seat in the Parliament since 1989, except on two occasions. BJP's Yashwant represented the seat in the 15th Lok Sabha, and there is speculation that he has procured a ticket for son Jayant for the upcoming election. This dynastic progression has irked the local BJP cadre. But the senior Sinha maintains that it was purely a party decision and not his individual choice.

Irrespective, Jayant is confident that he can ride on the back of his father's work and the Modi wave. "People know my father's work and the BJP's contribution. We will win this time as well," said Jayant, who went to IIT Delhi and attended Harvard Business School.

He said that the BJP will emerge as a clear winner in this election. "Modi represents a message and the message is sweeping the country. The development in BJP-run constituencies and states reflects that the party deserves to form the government."

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