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P Chidambaram, his wife and family have assets worth Rs 95 crore

Chidambaram showed a total income of Rs 8.58 crore for the year 2014-15 while his spouse showed income of Rs 1.25 crore for the same period during the filing of income tax return.

By: PTI | Mumbai | Updated: May 31, 2016 9:30:49 pm
chidambaram, p chidambaram, afzal guru, congress, latest news Former Uninon minister P Chidambaram. (Source: PTI/File)

Senior Congress leader and former Union Minister P Chidambaram (70), his wife and family have total assets worth Rs 95 crore, according to the affidavit filed by him on Tuesday to contest the Rajya Sabha election.

Chidambaram filed his nomination papers for biennial elections to Rajya Sabha from Maharashtra.

According to his affidavit, filed in 22 pages before the Returning Officer, he and his family have movable properties worth Rs 54.30 crore and immovable properties worth Rs 41.35 crores.

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He showed a total income of Rs 8.58 crore for the year 2014-15 while his spouse (Nalini Chidambaram) showed income of Rs 1.25 crore for the same period during the filing of income tax return.

Chidambaram has movable properties of Rs 42.95 crore and immovable properties worth Rs. 4.25 crore. His wife Nalini Chidambaram is the owner of movable properties worth Rs 11.23 crore and immovable properties worth Rs 25.03 crore.

He has shown Rs 3.50 lakhs cash in hand and his wife has shown Rs 1.24 lakh. Chidambaram has bank accounts in 13 branches of different banks spanning from Chennai to New Delhi to Karnataka while Nalini has six bank accounts in different places.

Under the details of movable assets, the affidavit says Chidambaram possess 32 grams of gold (worth Rs 87,232) and 3.25 carat diamond worth Rs 97,500. His wife has 1.43 kg gold (worth Rs 39.17 lakh) and 52 kg silver worth Rs 20.46 lakh and 76.61 carat diamond of Rs 22.98 lakh.

Chidambaram owns a Honda and a Skoda car while his wife owns a Toyota.

Under the details of immovable assets, Chidambaram’s affidavit mentions that he bought 38.72 acres land in 1994 for Rs 25.16 lakh in Karnataka and thereafter developed it by investing another Rs 3.77 lakh into it. The current market value of this piece of property is Rs 1.93 crore.

His Hindu Undivided Family (HUF) movable properties are worth of Rs 11.86 lakhs while immovable properties are worth Rs 12.07 crore, according to his affidavit in which Chidambaram has described himself as a senior Advocate in the Supreme Court and his wife as a senior Advocate in the Madras High Court.

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