Mayawati assets doubled to Rs 112 crore as CM

Discussion in 'Politics & Society' started by Blackwater, Mar 14, 2012.

  1. Blackwater

    Blackwater Veteran Member Veteran Member

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    LUCKNOW: Bahujan Samaj Party president Mayawati's assets doubled during her chief ministership of UP, from Rs 52 crore in 2007 to Rs 111.64 crore when she filed her nomination papers for the Rajya Sabha elections on Tuesday.

    In 2010, when Mayawati contested the legislative council elections again (in 2007 she had fought a byelection; hence the need to seek a re-election), she had declared total assets of Rs 88 crore. A close look reveals that she ruled for 58 months and the increase (including appreciation) in her wealth in this period was of Rs 59 crore, which amounts to a growth of Rs 1 crore per month.

    On Tuesday, her affidavit showed immovable assets worth Rs 96.38 crore and movable over Rs 15.26 crore. Besides Rs 10.20 lakh cash in hand, the dalit leader has around Rs 14 crore in five bank accounts, murals worth Rs 15 lakh, a revolver valued at Rs 5,390 and gold and diamond jewellery valued around Rs 96.53 lakh.

    Mayawati filed an income tax return of Rs 6.51 crore in 2010-11 financial year. Her immovable assets worth Rs 96.38 crore include residential and commercial buildings in Delhi and Lucknow. In Delhi, she has two commercial buildings in Connaught place. The market value of the two properties is Rs 18.84 crore.

    She has shown two residential buildings, one each in Delhi and Lucknow. The market value of the two assets is Rs 77.54 crore. While the commercial buildings were purchased in 2004 and 2005, the residential accommodation in upscale SP Marg, New Delhi, was bought in 2009 for Rs 54.80 crore.

    In fact, two residential plots have been clubbed together to form a single asset in which she has invested Rs 7.78 crore on development and construction. The residential property in Lucknow's Mall Avenue is a new addition bought in November 2010 at Rs 15.68 crore.

    In 2007, soon after becoming CM, Mayawati had contested legislative council byelections in June. She had then declared assets worth over Rs 52 crore. It included Rs 50.27 lakh cash, bank deposits worth Rs 12.88 lakh, jewellery worth Rs 50.87 lakh, diamonds worth Rs 50 lakh, murals worth Rs 15 lakh and a silver dinner set valued at Rs 1.12 lakh.

    Besides, she had also declared a residence in Lucknow worth Rs 97.42 lakh and one in Delhi worth Rs 18.02 crore apart from commercial property in Connaught Place and Okhla worth Rs 19 crore. She had no car of her own even then. In May 2010, Maya contested legislative council election again. This time her declared assets were Rs 88 crore, a gain of at least Rs 35 crore over her 2007 declaration.

    She had then declared cash in hand Rs 12.95 lakh, jewellery of gold and diamonds worth Rs 86.8 lakh and other valuables worth around Rs 15 lakh. The residential and commercial properties in Delhi and Lucknow were valued at Rs 73 crore. She had then as well claimed that the money came from gifts and donations from supporters. On March 15, 2010, she was felicitated by party leaders at a function by a garland made of currency notes amounting Rs 21 lakh.

    Going by her Tuesday's declaration, she has apparently disposed of the commercial property in Okhla and as chief minister she added two residential properties, one each in Delhi and Lucknow. In fact, in Lucknow, she has sold the residential property at Nehru Road and got a new one at Mall Avenue.

    There is no change in the valuables and jewellery but the collection shows her love for living it up. Although she faces charges of amassing wealth with a disproportionate assets case being probed by the CBI, the growth of her assets shows that she has got good return of investment in property. Mayawati also has liabilities of Rs 87.68 lakh in form of loans from financial institutions.

    However, she has not taken any life insurance policy and does not own a vehicle. She has also given details of her school and university education in the affidavit. She graduated from Kalindi College, Delhi University in 1975. She completed B.Ed from Meerut University in 1976. In 1983, she did LL.B from Delhi University. Maya has also claimed that no cognizance has been taken against her in any criminal case.
    Mayawati assets doubled to Rs 112 crore as CM - The Times of India
     
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  3. Blackwater

    Blackwater Veteran Member Veteran Member

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    if she can earn 112 cores then i think God 's sense of humor is sick. God has no right to make people like that
     
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  4. SLASH

    SLASH Senior Member Senior Member

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    I am not surprised about her doubling from 52 crores to 112 crores as most of her assets are properties. What surprises me is how she got 52 crores?
     
  5. thakur_ritesh

    thakur_ritesh Administrator Administrator

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    Just 112crs!!!! :D

    I am sure she is capable of a much better show.
     
  6. hit&run

    hit&run Elite Member Elite Member

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    She thinks being from a BC/SC class in this country she ethereally deserve to loot this nation and become rich.

    But the point is why to point finger at her only when rest of his counterparts from all the backgrounds are doing the same.
     
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  7. Blackwater

    Blackwater Veteran Member Veteran Member

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    112 cr is just declared, undeclared will be more than 1000cr
     
  8. Ray

    Ray The Chairman Defence Professionals Moderator

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    Made hay while the sun shone!
     
  9. sob

    sob Moderator Moderator

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    The devil lies in the details.

    The property is always listed at the purchased value in white, which in Delhi is only 30% of the actual value and the rest is in cash(black).

    Same goes with the jewelry the costing is always taken of the year of purchase. In case of Gold we know that in last 7-8 years the prices are up from 10,000 per 10g to almost 29,000 per gm.

    She has declared income of Rs. 6.5 Crores in 2010-11 and yet she was able to buy property worth 3 to 4 times her annual income.

    As long as she has 22 MPs and Congress needs them for their survival no tax man is going to open her file.
     
  10. nrj

    nrj Stars and Ambassadors Stars and Ambassadors

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    Which Chief Minister's assets reduced during his/her tenure?? :rolleyes:

    Don't discriminate against garib dalit ki beti.
     
  11. SLASH

    SLASH Senior Member Senior Member

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    With her income it would be very easy to get an 80% bank funding over any of her property. I doubt any bank would refuse her loan application anyways.

    What is surprising is her income more than her total assets.
     
  12. lcatejas

    lcatejas Regular Member

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    She was already prepared before the election result.....:lol:
     
  13. sob

    sob Moderator Moderator

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    She has loans from Banks of only Rs. 87.68 Lakhs.. She does not need loans to buy property.
     
  14. SADAKHUSH

    SADAKHUSH Senior Member Senior Member

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    No where in the world investment gives you a such a good return than as a politician in all the corrupt countries of the world in general. Why do citizens of India put up with these kind of politicians is beyond me? I think everything should be done to investigate the source of revenues as a CM of U.P. If proven guilty confiscate all the illegal property and 25 years of minimum jail time.
     
  15. Mad Indian

    Mad Indian Proud Bigot Veteran Member Senior Member

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    This is just the asset which comes in the account is it not, the real assets value should be some where around 60000Crs Rs.+
     
  16. Blackwater

    Blackwater Veteran Member Veteran Member

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    Yes u r right. May be tom Harvard and Oxford students come to her to learn how to make quick bucks:hail::hail::hail::hail:
     
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