Assets of billionaire MPs increase by 137 pc

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By : Mohan Verma

Assets of re-elected billionaire parliamentarian show increase of 137 percent as joint analysis of National Election Watch (NEW) and Association for Democratic Reforms (ADR) revealed.

The average assets of re-elected 165 MPs were about Rs. 5.38 crore in 2009 and have increased to Rs. 12.78 crore.

Among top five re-elected MPs with highest asset increase are Shatrughan Sinha of BJP from Patna Sahib constituency of Bihar, who has declared maximum increase in assets with an increase of Rs. 116.73 crore that was Rs. 15 crores in 2009 to Rs. 131.74 crores in 2014.

Assets of Pinaki Mishra of BJP from Puri constituency, Odisha has increased by Rs. 107.40 crores, from Rs. 29.69 crores in 2009 to Rs. 137.09 crores in 2014.

Assets of Supriya Sule of NCP from Baramati constituency, Maharashtra have risen by Rs. 62.37 crore from Rs. 51.53 crore in 2009 to Rs. 113.90 crore in 2014.

Patil Chandrakant Raghunath of BJP Navsami of Gujarat had assets of Rs. 24 crore in 2009, which went up to Rs. 74 crore in 2014.

Harsimrat Kaur Badal of SAD from Bathinda in Punjab had assets worth Rs. 60 crore in 2009, which increased up to Rs. 108 crore in 2014.

The rest of the MPs were not analyzed due to incomplete affidavits uploaded on the ECI website at the time of making of this report.

NEW and ADR have analyzed the self-sworn affidavits of 165 re-elected MPs out of a total number of 168 members of parliament who have been re-elected in the Lok Sabha 2014 elections.

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ML Verma is a Senior journalist, with more than a decade of experience of active reporting for electronic media, news agencies and fast paced online media.

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