Be a Politician : Wealth Multiplies in Just 4 years !


DHNS 
 
Bangalore, May 21: Believe it or not, politics is the most lucrative profession in the state. And some politicians have proved it by earning crores of rupees in just four years! 
 
A report released by Delhi-based Association for Democratic Reforms (ARD), formed by professors of the IIMs, showed how dramatically asset of some politicians, who got elected in the 2004 Assembly election, has gone up in the last four years. In some cases, the increase in the value of the assets is more than 2,000 per cent!
The ARD, which is striving to create an awareness among the voters to elect honest persons, has collected information regarding assets of the ex-MLAs, who are contesting in this elections, from the asset declaration affidavits submitted by them to the Election Commission.

Total asset of 28 Congress candidates has gone up from Rs 34.60 crore to 182.58 crore, showing an increase of 427.7 per cent. Assets of 22 BJP candidates has surged  from Rs 14.15 crore to Rs 45.48 crore, registering a growth of 221.5 per cent. Assets of the 13 JD(S) candidates has increased from Rs 9.24 crore to Rs 22.65 crore, posting a growth of 145.2 per cent.

Among the Congress candidates, Ajaykumar Sarnayak from Bilgi has the credit of accumulating  highest wealth in the last four years. Value of his asset has moved up from Rs 93 lakh in 2004 to Rs 21.25 crore in 2008, registering a growth of 2181 per cent! Among the BJP candidates, Rajkumar Patil Telkur from Sedam constituency is the richest man. Net value of his wealth has gone up from just Rs 12 lakh in 2004 to Rs 2.59 crore in 2008, posting an impressive growth of 1990 per cent!
 
 
Mallikarjun Khuba from Basavakalyan is the richest man among the JD(S) ex-MLAs. Value of his assets rose from Rs 36 lakh in 2004 to Rs 3.43 crore in 2008, showing an increase of 847.9 per cent.

Prof Trilochan Sastry, the brain behind the ARD, said there were still several politicians (who are contesting from different constituencies in North Karnataka) who deliberately avoided giving complete information regarding their assets to the Election Commission. He urged the EC to initiate a CBI probe against such politicians and also against those whose property had gone up phenomenally in the last four years. “There is an urgent need for investigating source of income of politicians and how they amassed wealth of such an unimaginable size and value,” he added.

  

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Comment on this article

  • Alfred J. Rebello, Kundapur/Dubai

    Sat, May 24 2008

    I was thinking how to become rich in no time. Now I know how. Can someone explain to me how I can get a ticket to contest, be it from any party because my intention is only to accumulate money. But I doubt any party will give me a ticket to contest because I may not have the qualifications they are looking for perhaps. The qualifications the parties are looking for perhaps ones capacity to make quick and maximum money before the next elections. This is not the talent?

    Whoever makes maximum will get the ticket to coontest in the next elections as well perhaps. Or some good samarithans, those who made enough for their generations and satisfied, will give the opportunity to others also to make money. But what the voters benefit? Perhaps A salute once in five years or the voters will think they are honoured because a guy, who is going to become rich, asking them to bless him as he joins his palms when he comes for asking vote or perhaps a 100 rupee note.

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  • Mohan H Naik, Mangaluru

    Fri, May 23 2008

    Thanks to ARD, for publishing the report. There is a saying in Kannada ‘Jana marulo Jatre marulo’. It is a million dollar question indeed. Politicians can not be blamed alone. It is the system and the people who have accepted one such, are also equally responsible. The most interesting finding of various polls associated surveys is the fact that no more Corruption is an issue among voters. This shows, Corruption has become most widely accepted, a formidable way of life for MUTUAL BENEFIT.

    The ARD findings are clearly showing that there are THUGS in all political party and no party is a saint. Now it is left to public, which thug they prefer for getting fooled. I think the most important issue should have been eradication of poverty and provision of equal economic opportunities. These core issues are sidelined by community, caste, religion based Politics and the Politicians/Party are encashing the same. Every voter wish to have some one from his cast, community, religion to rule them, expecting that these leaders will provide socio-economic justice.

    Our constitution has guaranteed equal status, opportunity, to all citizen of this nation, which common voter fails to understand. It is our right to expect these RIGHTS is delivered at our door steps through, these elected representatives. Mean while in a democratic society the voter also has certain DUTIES, to be performed for the survival of democracy, which I think is totally snubbed off. However, I feel

    Lokayukta, has roll to play at present scenario, related to ARD survey. Lokayukta recent visit to mining locations and thereafter statements owing to expose mining lobby is eagerly awaited. But I sincerely doubt our Netas granting supreme power to Lokayukta. Meanwhile, citizen of Mangaluru, voluntarily forming such an association, which investigate Political personalities,People in public life’s assets right from 1947 to till date, can expose many black sheep. I think this will be an eye opener to many Voters, whose vision is masked under the pretext of Community, Religion, so on and so forth. But who will bell the cat ?

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  • Rammohan, U S

    Fri, May 23 2008

    The candidates of any party spend a lot for getting tickets and then for catching votes and if th law is to make them only retain the assets they held on date of contest and the date of next election plus what is legally earned by way of emoluments, perhaps they would think twice to contest the election.

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  • K. S. Mayya, Mangalore/South Korea

    Thu, May 22 2008

    Why trouble the CBI? I would just get an explaination from the taxman for the EC and general public's benifit. After all arn't the taxman considered a menace by the middle class incomed people who are fined 10 times the amount as fine if they miss declaring paltry sum they got from some xyz source as hard earned renumeration? Last but not least, like all public documents, public servants assests should also be open to public. I don't think they can hide their private life (read: money strapped to the back of the toilet) when they want to be so much part of the public.

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  • ahmed nawaz, mangalore

    Thu, May 22 2008

    perhaps politics is the only field where uneducated and illeterated people deceiving the educated and talented people. we, being the voters contribute lion's share in making our country corruped one by electing these looters.

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  • Sharanath Shetty,

    Thu, May 22 2008

    Finally the politicians are exposed openly!that too by the professors of IIM. We salute you Prof. Trilochan Sastry for your brain behind ARD, its high time India needed this to happen, you have done what our judiciary & the central agencies could not do till date. I hope the Govt. takes this up seriously, investigate and book this Desh Drohi criminals in white khadi. This is the first time that the election commission has been very effective, that the citizens can know how much each of their elected representatives are worth. Now we got to see how this information is used to bring justice and clean the system? All responsible citizen should get together and pressurise the CBI to take action on this issue, only then we can become a respected, prosperous country in the universe.

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  • Purushottama, Byndoor

    Thu, May 22 2008

    And our Union Finance Ministers in every Budget Speech try to find more avenues to tax the common man in the form of TDS, Service Tax, VAT, MAT, Cess, Surcharge etc. etc. and the tax we pay enriches politicians like this. This is only the tip of iceberg and not the iceberg itself.

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  • Peter Menezes, M'lore/Saudi

    Thu, May 22 2008

    Winning election is a big lottry -it is just good bussiness without investing a single rupee in to bussiness. It is very clear no doubt  once they are elected they forget about people and their promises. we the citizens of Indian have to understand and teach a lesson to all the politician otherwise this process will go on & onso pls open you eyes and see what is going on?.

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