Political dividend: assets skyrocket for re-contesting candidates

Election Watch and Association for Democratic Reforms analyse affidavits of 1,777 candidates among the 1,821 who are re-contesting

Published - December 04, 2018 01:26 am IST - Hyderabad

Telangana’s elected MLAs and other re-contesting candidates of 2018 Legislative Assembly elections have become richer across party lines, revealed an analysis of self-declared assets that Telangana Election Watch and Association for Democratic Reforms’ released here on Monday.

As per the data, average increase in assets of MLAs of major parties in the fray was Telugu Desam Party with 133. 64 per cent increase from ₹60 lakh to ₹80 lakh, Bharatiya Janata Party with 97.7 per cent increase from ₹ 2 crore to ₹5 crore, All India Majlis-e-Ittehadul Muslimeen from ₹ 3 crore to ₹7 crore, Telangana Rashtra Samithi with an average increase of ₹72.25 per cent from 6 crore to ₹8 crore and Indian National Congress with 64.72 per cent increase from ₹ 5 to ₹8 crore.

As per the data, 90 per cent of candidates in TRS, 86 per cent of BJP, 79 per cent of INC, 26 per cent of BSP and 12 per cent of Telugu Desam Party are declared crorepatis (with assets more than ₹1 crore).

Data revealed that Telangana Rashtra Samithi’s candidate Marri Janardhan Reddy added the highest amount, ₹49.8 crore, to his declared assets in 2014 thereby emerging as top ranked re-contesting MLA in the asset increase category. D. K. Aruna, Congress candidate with an increase of ₹41.03 crore, S. Rajender Reddy of TRS with an increase of ₹ 36 crore, K. Taraka Rama Rao of TRS with an increase of ₹33 crore and Pylla Shekar Reddy of TRS with an asset increase of ₹ 29 crore respectively bagged the next four positions in the asset increase category. However, re-contesting MLA with the highest amount of declared assets were Komatireddy Rajgopal Reddy of INC with ₹314 crore, Sunil Kumar Muthyala of Bahujan Samaj Party ₹182 crore and Marri Janardhan Reddy of TRS with 161 crore.

As per the data declared assets of some candidates have sky rocketed by huge percentages between 2014 and 2018. For instance TRS candidate Gadari Kishore Kumar’s assets increased from ₹1 lakh in 2014 to ₹ 1 crore in 2018. Meaning, his assets increased by 5,718 per cent. BJP MLA, T. Raja Singh’s assets increased from ₹ 9 lakh to ₹ 3 crore (3,376 per cent). TRS candidate Dasyam Vijay Bhaskar’s assets increased by 1,671 per cent, from ₹31 lakh to ₹ 5 crore.

In contrast, the assets of some candidates have reduced on declaration paper by good percentages. TRS candidate Patnam Mahender Reddy’s declared assets reduced by 73 per cent, from ₹37 crore to ₹10 crore between 2014 and 2018. TRS candidate G. Sayanna’s assets reduced by 31 per cent from ₹3 crore to ₹2 crore. Third in this category AIMIM candidate Syed Ahmed Pasha Quadri’s assets dipped by 22 per cent, from ₹25 lakh to ₹19 lakh. Telangana election watch and ADR analysed sworn affidavits of 1,777 out of 1,821 candidates who are re-contesting.

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