Madhusudan Mistry’s assets rise five-fold since 2009

Mistry’s immovable assets, which include three residential properties, are valued at Rs 1.38 crores.

Vadodara | Published: April 5, 2014 5:33:56 pm

There has been a five-fold rise in the assets of Congress candidate from Vadodara, Madhusudan Mistry, who filed his nominations with the District Election Officer on Saturday. Mistry’s declared total assets currently stand at Rs 3.18 crore, as against a total of Rs 63 lakh in 2009, when he contested from the Sabarkantha constituency.

Mistry who will take on the BJP’s prime-ministerial candidate Narendra Modi from this seat, saw his assets rise by over Rs 2.5 crore, primarily in form of investments and property valuation. Mistry declared his assets in an affidavit filed before the District Election Officer Dr. Vinod Rao at the time of filing his nomination from the Congress party on Saturday.

Mistry has declared in-hand cash of Rs 1 lakh each with his wife Kamleshben and himself as against Rs 10,000 and Rs 15,000 respectively in 2009. Apart from this, Mistry’s solo investments in banks, financial institutions and non-banking financial institutions amounts to a total of over Rs 1.4 crores. This includes Rs 1000 in a new SBI bank account, opened in Vadodara just a day before the filing of his nomination.

This declaration is against Rs 13.47 lakhs Mistry had declared in 2009 out of which Rs 86,907 was in the name of his wife and  Rs 8,128 in the name of son, Parikshit.

Mistry has declared owning two vehicles in his name – a 2010 Maruti Swift Model worth Rs 3 lakhs and a 2013 model of Maruti Ertiga worth Rs 10 lakhs. Mistry’s wife, Kamleshben, owns 200 grams gold worth Rs 6 lakhs and silver worth Rs 45,000. In 2009, Mistry had declared a second hand Tata Sumo vehicle worth Rs 50,000  and 60 grams jewellery in the name of his wife valued at Rs 90,000. Mistry’s total movable assets in 2014 thus, is amounted at over Rs 1.8 crores as against Rs 21 lakhs in 2009.

Mistry’s immovable assets, which include three residential properties, are valued at Rs 1.38 crores. This includes his Gandhinagar property purchased in 2003 at Rs 30 lakhs, which is currently valued at Rs 1crore, according to his present affidavit. Mistry has also declared purchasing two other apartments in Gandhinagar for Rs 19 lakhs each in 2011. Mistry does not own any agricultural or non-agricultural land and buildings.  Mistry has declared a liability of 4.8 lakhs of bank loan. In 2009, Mistry had declared two apartments in Gandhinagar and one in Ahmedabad with a bank loan of Rs 2,23,390.

Mistry has no criminal cases registered or charge sheet against him. However, Mistry has declared that he was arrested on April 3 under sectionsof IPC and Public Property Damage Act for unlawful assembly and vandalizing posters of BJP Prime Ministerial candidate Narendra Modi. As per the recent rules of the Election Commission of India of October 2013 that requires all candidates to state their official social media accounts for the purpose of monitoring during the elections, Mistry has mentioned that he has social media accounts and listed his email address.

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