personal assets of politicians


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this presentation will describe you some surprising facts and figures about indian politicians.

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personal assets of politicians

  1. 1. SUBMITTED TO: SUBMITTED BY: Sanjna Walia Shivani Sharma Sem. 1 Roll no. 3014
  2. 2. 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.
  3. 3.  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.
  4. 4. 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,“
  5. 5. 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.
  7. 7. 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.
  8. 8. 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.
  9. 9. 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.
  10. 10. 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.
  11. 11. 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.
  12. 12. 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!
  13. 13. 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
  14. 14. Richest Politicians of India in year 2012 -13
  15. 15. 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.
  16. 16. 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.
  17. 17. 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.
  18. 18. Brief of Top 10 Richest members of parliament of India
  19. 19. 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+
  20. 20. 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
  21. 21. Politician's sources of income are : Inherited property Business and Profession Investments and Scams and Scandals !
  22. 22. Scams and Scandals!
  23. 23. 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
  24. 24. 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)
  25. 25.  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.
  26. 26. Common Wealth Games 2010
  27. 27. 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.
  28. 28. Statue case and Disproportionate assets case by Mayawati
  29. 29.  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.
  30. 30. 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.
  31. 31. Robert Vadra - DLF Controversy
  32. 32. 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.
  33. 33. Coal Allocation Scam
  34. 34. 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.
  35. 35. Now let us meet: Poorest CM i n t he count ry
  36. 36. 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.
  37. 37. 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.
  38. 38. References:  Times of India    Wikipedia  Denik Jagran