Former Union Minister and an accused in the 2G spectrum scam case A. Raja, who has been fielded by the Dravida Munnetra Kazhagam (DMK) in the Nilgiris parliamentary constituency, on Wednesday declared movable and immovable assets valued at Rs. 1.78 crore and liabilities to the tune of Rs. 35.5 lakh in his name. The total assets including those in the names of his wife, daughter and a Hindu Undivided Family were declared as Rs. 3.60 crore. Five years ago, Mr. Raja’s assets were valued at Rs. 71 lakh.
At that time, he took a housing loan outstanding of about Rs. 1.67 lakh from the State Bank of India in Srirangam.
In the affidavit filed by Mr. Raja on Wednesday, he submitted that his movable assets included a Toyota Corolla Altis valued at Rs. 13.8 lakh; investments such as those in bonds/debentures/shares around Rs. 22.09 lakh; a gold memento of 108 sovereigns worth about Rs. 26.58 lakh and deposits in banks — around Rs.64.79 lakh.
As regards immovable assets, the former Minister declared that he had a residential property of 2,400 sq ft in Ganapathi Nagar, Tiruchi, whose current market value was put at Rs. 32.85 lakh. Besides, he said that his wife M.A. Parmeswari and daughter Mayuri held movable assets for around Rs. 93.93 lakh and Rs. 18.15 lakh. The A. Raja HUF’s movable assets totalled around Rs. 41.03 lakh.
The former Minister’s liabilities included personal loans of about Rs. 34 lakh, taken from two individuals, and two HUF units including that of Raja (HUF).
He had an Income Tax assessment case pending for an amount of around Rs. 25.5 lakh. Mr. Raja also referred to the spectrum case pending against him in a Delhi court.