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LATEST NEWS UPDATES | Mayawati's wealth jumps 25 pct to Rs 111 crore in 2 years

Mayawati's wealth jumps 25 pct to Rs 111 crore in 2 years

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published Published on Mar 15, 2012   modified Modified on Mar 15, 2012
-The Financial Express

BSP supremo Mayawati may have lost the Assembly elections in Uttar Pradesh but the defeated chief minister's wealth as declared has jumped to Rs 111 crore, a 25 per cent increase in the last two years.

And 56-year-old Mayawati's assets made public today has doubled in the five years since she became chief minister in 2007 on the back of a thumping BSP victory. During public meetings, she often claims to represent the poorest of the state's poor Dalits.

According to the declaration made by Mayawati at the time of filing of nomination papers to the Rajya Sabha today, her immovable properties, both residential and commercial in Lucknow and Delhi, cash in banks, jewellery both gold and diamonds stood at Rs 111 crores and 64 lakhs.

In 2010 when she fought the vidhan parishad elections, Mayawati's total wealth were valued around Rs 88 crore while in 2007 it was worth Rs 52.27 crores.

Mayawati's accounts in the Union Bank of India, Moti Bagh, Delhi, Bank of India, Parliament Street, New Delhi, State Bank of India, Vidhan Sabha Marg, Lucknow, and SBI, Sansad Bhawan, together have over Rs 13.95 crore.

Besides, she has Rs 10.20 lakh cash in hand, according to the declaration.

She has 1034.260 gms gold in the form of jewellery and 380.17 carats diamond worth Rs 96.53 lakh besides a silver dinner set weighing 18.5 kgs worth Rs 9.32 lakh.

Among other assets she mentioned were murals worth Rs15 lakh and a revolver worth Rs 5,390.

Among immovable properties, the BSP supremo has two commercial buildings in Connaught Place in the national capital (B-34 ground floor and B-34 1st floor with areas of 3628.02 and 4535.02 square feet respectively) costing Rs 9.36 crore and Rs 9.45 crore.

She has two residential buldings -- one in New Delhi (23,24 SP Marg) and another in Lucknow (9 Mall Avenue) currently valued at Rs 61.86 crore and Rs 15.68 crore respectively.

Both residential buildings were purchased in 2009 and 2010 when she was chief minister. The commercial buildings were purchased in 2004 and 2005.

In the loans or dues column, she has shown Rs 87,68,724 as security from tenants (Bata India Ltd and V.C Solutions Pvt Limited).

The BSP president has shown Rs 6,51,53,538 as total income in tax return for the financial year 2010-11.

She has no agriculture land nor is there any mention of vehicles in the declaration.

The Financial Express, 13 March, 2012, http://www.financialexpress.com/news/mayawatis-wealth-jumps-25-pct-to-rs-111-crore-in-2-years/923264/0


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