PERSONAL ASSETS OF POLITICIANS

SUBMITTED TO: SUBMITTED BY:
Mrs. Sanjna Walia Shivani Sharma
M.com Sem. 1
Roll no. 3014

Asset Declaration under RTI Act
 The Central Information Commission (CIC) set up
under the Right to Information Act is the authorized body,
established in 2005, held that the parties are public
authorities and answerable to citizens under RTI Act.
 Six national parties Congress, BJP, NCP, CPI-M, CPI
and BSP have been substantially funded indirectly by the
central government under section 2(h) of the RTI Act.

 Activist Anil Bairwal of Association of Democratic
Reforms and Subhash Agrawal had directed their RTI
applications to these parties which were made parties
by CIC.
 Arguments were on basis of charities tax exemption
and parties also said that they are not public property.
 After detailed hearings, three important points
raised by complainants –
* substantial funding received by the parties from
government.
* performance of public duty by them.
* legal provisions vesting them with rights and
liabilities.

The commission said :
"We are of the opinion that bringing the political
parties in the ambit of RTI Act is likely to usher an
era of transparency in their functioning. Besides,
it would result in strengthening of democracy and
democratize institutions in the country,“

HIGH COURT OF DELHI AT NEW DELHI :
 Judgment reserved on: 13th November, 2009
 Judgment pronounced on: 12th January, 2010
Under Section 8 (1) of Right To Information Act 2005
It was decided to declare the assets and
liabilities of ministers on demand by the
public. Not only his/her individual assets
but it also includes assets of spouse and
dependent children.

DETAILS ABOUT
PERSONAL ASSETS OF
POLITICIONS

Our Prime Minister Dr.
Manmohan Singh
In year 2011-12 our
Prime minister Dr.
Manmohan Singh has
declared his personal
assets worth Rs. 5.11
Crore, but in year
2012-13 it increases
double to Rs. 10.78
Crore.

Congress President Mrs. Sonia Gandhi
According to “Business Insider”,
Sonia is ranked fourth among
the richest politicians in the
world.
In an article titled ‘Meet The 23
Richest Politicians In The World’,
the US magazine mentioned that
Sonia Gandhi owns assets 2-19
billion USD, that is Rs 10,000
crore to Rs 45,000 crore.

Mayawati – Chief Minister of U.P.
Mayawati is the richest chief
minister in India, with assets
worth Rs 86crore.
The Bahujan Samaj Party chief has
sure come a long way since her
humble days as a school teacher and
a grassroots Dalit leader.
She owns property worth Rs 75
crore, including a commercial centre
in Okhla worth Rs 15.5 crore and
plots at Sardar Patel Marg worth
over Rs 54 crore, among others.

Parkash Singh Badal - Chief Minister of Punjab
The second richest chief minister
in India Parkash Singh Badal lags
well behind his counterpart in
Uttar Pradesh financially, with
assets worth Rs 8.6 crore. the
ruler of the cradle of green
revolution owns farmland worth
Rs 4 crore. He also owns property
worth over Rs 2 crore and
jewellery worth over Rs 38 lakh.
He had total worth of Rs 14.98
crore.

N Kiran Kumar Reddy - Chief Minister of Andhra
Pradesh
With total assets worth Rs 8.1 crore,
Kiran Kumar Reddy, the third
richest CM in India.
He owns a house worth Rs 2.7 crore
in the posh Banjara Hills area of
Hyderabad and a plot worth Rs 2
crore in Bengaluru, among others.
He also owns three cars a Maruti
800, a Hyundai Verna and a
Mahindra Scorpio -- worth Rs 15
lakh.

Karnataka Chief Minister - B S Yeddyurappa
Assets worth Rs 5.38 crore.
Yeddyurappa, owns property
worth Rs 3 crore and farmland
worth Rs 80 lakh.
He also owns gold worth Rs 31.5
lakh and silverware worth Rs 15.9
lakh, along with household goods
worth Rs 7.6 lakh.
Yeddyurappa boasts of an
impressive bank balance of over Rs
21 lakh and cash worth nearly Rs 2
lakh!

Orissa Chief Minister - Naveen Patnaik
The total assets of Naveen
are worth Rs 4.7 crore, with
shares worth over Rs 3 crore
in various properties in
Delhi and Bhubaneshwar.
He also owns farmland
worth Rs 1.5 crore.
The CM, who is a bachelor,
owns jewellery worth Rs 1.5
lakh

Richest
Politicians of
India in year
2012 -13

Jaganmohan Reddy – M.P. from Kadapa
Mr. Reddy Son of former Andhra
Pradesh chief minister YSR
Reddy, Jaganmohan is perhaps
one of the richest politicians in
India, with declared assets of Rs 446
crore.
38-year-old businessman has
interests in cement and power
projects in Andhra Pradesh,
Karnataka and other states. He also
owns Telugu daily Sakshi and the TV
news channel by the same name.

Jayalalithaa – Chief Minister of Tamil Nadu
Jayalalithaa, according to reports, is
worth Rs 51 crore. What is interesting is
that Jayalalithaa has shown an annual
income of Rs 15 lakh. She has a five
vehicles worth Rs 8.35 lakh. assets
include her Poes Garden residence worth
Rs 20.16 crore, four buildings - three in
Chennai and one in Hyderabad - worth
Rs 6.91 crore, investments in Sasi
Enterprises worth Rs 75 lakh and
Royalvalley Floritech worth Rs 65 lakh.

Praful Patel – C.M. for Heavy Industries and Public
Enterprises
He represents the Bhandara-Gondia
parliamentary constituency and is a
member of the National Congress
Party. As per reports, include
property worth Rs 88.66 crore and
Rs 33 lakh in FDRs.
He has earned notoriety because
between April 2009 and April 2011
his personal assets grew by 53%—
from Rs. 79 crore to Rs. 122 crore—
at the rate of Rs. 5 lakh per day.

Brief of
Top 10 Richest
members of
parliament of India

Name
Constituency
(State) Profession Assets
Dr.
Mahendra
Prasad
(Bihar) Agriculturist,Economist,Environmentalist
,
Horticulturist, Political and Social
Worker
684
Crore+
Dr. Vijay
Mallya
(Karnataka) Industrialist 616
Crore+
Smt. Jaya
Bachchan
(Uttar Pradesh) Artiste 494
Crore+
Y. S. Jagan
Mohan
Reddy
Kadapa (Andhr
a Pradesh)
Business person,Political and
Social Worker
446
Crore+

Dr. T.
Subbarami
Reddy
(Andhra Pradesh) Industrialist, Political and Social
Worker,
Trader
273
Crore+
Dr. Abhishek
Manu
Singhvi
(Rajasthan) Political and Social Worker 226
Crore+
Y. S.
Chowdary
(Andhra Pradesh) Industrialist 190
Crore+
Anil H. Lad (Karnataka) Industrialist,politician,Social Worker 189
Crore+
Nama
Nageswara
Rao
Khammam
(Andhra Pradesh)
Industrialist 174
Crore+
Naveen
Jindal
Kurukshetra
(Haryana)
Industrialist,Philanthropist and Social
Worker,Pilot,Sportsperson
132 Cro

Politician's sources of
income are :
Inherited property
Business and Profession
Investments and
Scams and Scandals !

Praful Patel responsible for destruction of
Air India
As Civil Aviation Minister of India,
Praful Patel is believed to be the main
person responsible for the systematic
destruction of Air India. There have
been irregularities in the purchases of
multiple aircraft during his tenure as
the Minister of Civil Aviation. Air
India was making a profit of
around Rs.105 crore, till the 2003-
2004 fiscal. As of 2011, Air India has
a debt of more than Rs.40,000
crore and an estimated loss of
Rs.7000 crore

2G spectrum scam
2G spectrum scam involved politicians and
government officials in India illegally
undercharging mobile telephony companies
for frequency allocation licenses, which they
would then use to create 2G subscriptions for cell
phones. The shortfall between the money
collected and the money that the law
mandated to be collected is estimated to
be 1766.45 billion In a chargesheet filed on 2
April 2011 by the investigating agency, Central
Bureau of Investigation (CBI), the loss was
pegged at 309845.5 million (US$4.9 billion)

 Kapil Sibal, the Minister of Communications &
IT, claimed in 2011, during a press conference, that
"zero loss" was caused by distributing 2G licenses.
 A. Raja, Union Cabinet Minister
(Communication and Information Technology –
2007 & 2009) Central Bureau of Investigation
(CBI) and Income Tax Department the agencies
allege that A.Raja could have received 30
billion(US$480 million) as bribe for bringing
forward the cut-off date for applications for
spectrum from the initial 1 October 2007 to 25
September 2007.
 Dr. Manmohan Singh, P. Chidambaram etc. were
also involved in this scam.

Mr. Suresh Kalmadi President of the Indian Olympic
Association and Chairman of the Organizing
Committee of CWG was accused of handing out Rs 141-
crore contract to Swiss Timing for its timing
equipment - the deal was inflated by Rs 95 crores. An
official recommended the disqualification of a
Swedish company, allegedly at Mr Kalmadi's behest,
leaving only the Swiss firm in the fray. The Central
Bureau of Investigation, which probe the case, filed a
chargesheet against Kalmadi in May 2011.

Statue case and Disproportionate assets case
by Mayawati

 In her tenures as a Chief Minister, Mayawati erected
number of statues of Buddhist, Hindu, and Dalit icons
like Gautam Buddha, Ravidas, Narayana Guru, Jyotirao
Phule, Shahuji Maharaj,Periyar Ramasami, Ambedkar, BSP
founder Kanshi Ram, and of herself.
 She spent over 2,500 crore on projects in five parks and
at memorials such as Dr. B.R. Ambedkar Samajik Parivartan
Sthal and Manyavar Kanshiram Smarak Sthal etc.

CBI filed a case against her for owning assets
disproportionate to her known sources of
income. Mayawati described the CBI
investigation against her as illegal. On 13
March 2012 Mayawati revealed assets
worth 111.26 crore in an affidavit filed with
her nomination papers for the Rajya Sabha.
the court found that the case was
unwarranted.

Robert Vadra - DLF Controversy

In year 2013, I.A.S. officer Ashok Khemka has
revealed shocking facts about property dealt
between Mr. Vadra’s skylight hospitality and real
estate company D.L.F. he revealed that Mr. Vadra
has sold property which he has purchased for Rs.
7.5 crore and sold it for Rs. 58 crore within a
month. They have ignored rules of town and
country planning department. Mr. Khemka also
accused Mr. Vadra for bogus sale.
“Mango people in a banana republic.”
A Facebook comment by Mr. Vadra had become
widespread punch line for the news reporters and
the public to talk about.

Coalgate - Prime Minister Manmohan
Singh
This is a political scandal concerning the Indian
government's allocation of the nation's coal
deposits to public sector entities (PSEs) and private
companies by Prime Minister Manmohan Singh. In a
draft report issued in March 2012, the Comptroller and
Auditor General of India (CAG) office accused
the Government of India of allocating coal blocks in an
inefficient manner during the period 2004–2009. Over
the Summer of 2012, the opposition BJP lodged a
complaint resulting in a CBI probe into whether the
allocation of the coal blocks.

Now let us meet:
Poorest CM i n t he
count ry

Manik Sarkar - chief minister of Tripura
In 2008, his total cash in hand and in
bank deposits was Rs 16,120.38, which
has reduced by Rs 5,320 in the last five
years. Sarkar has just one savings bank
account, at SBI with a deposit of Rs
9,720.38. second savings account
with UCO bank in Agartala with a
deposit of Rs 4,928.
Sarkars don't own a vehicle, the chief
minister used his official vehicle to
commute, his wife travelling in a
rickshaw to office has been a common
sight on the streets of Agartala.

What can we do?
 Use our Right to Information.
 Use our Right to Vote.
 Aware General public specially of rural area about
the true facts and figures about the scams and
scandals of the country by campaigns, street
plays.
 Promote youth to join hands against corruption
and say ‘No’ to Bribe.

References:
 Times of India
 www.right2info.org
 www.rediff.com
 Wikipedia
 Denik Jagran

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