Crorepati MPs double in LS, average assets tripled: ADR

The number of MPs with assets worth over Rs one crore has doubled in the present Lok Sabha compared to the preceding one as the average worth of assets of an MP has nearly tripled, a report has said.

New Delhi: The number of MPs with assets
worth over Rs one crore has doubled in the present Lok Sabha
compared to the preceding one as the average worth of assets
of an MP has nearly tripled, a report has said.

The number of crorepati MPs has increased from 156 in
2004 to 315 in 2009, while the average worth of assets of an
MP in the Lower House has gone up from Rs 1.86 crore to Rs
5.33 crore in the last five years, said the report compiled by
an NGO, Association for Democratic Reforms (ADR).

The report, which has been prepared on the basis of
affidavits filed by the MPs during elections, said there has
been a huge increase in the worth of the assets of the 304 MPs
of last Lok Sabha who contested the polls in 2009 also.

The average worth of assets of these MPs was Rs 1.92
crore in 2004. But in 2009, the average worth of assets of
these leaders increased to Rs 4.8 crore, marking an increase
of Rs 2.9 crore, the report said.

About 20 per cent members in the present Lok Sabha
have assets worth over Rs five crore each. The number of
members having assets worth between Rs 50 lakh to Rs five
crore is 294, accounting for more than 50 per cent of total
strength.

The number of MPs in Lok Sabha with assets worth less
than Rs 10 lakh is only 17, the report said.

The Congress Party has maximum number of 146 crorepati
MPs in the 15th Lok Sabha, followed by 59 from BJP, 14 from
Samajwadi Party and 13 each from BSP and DMK, the report said.

Maximum number of crorepati MPs are from Uttar
Pradesh (52), followed by Maharashtra (38), Andhra Pradesh
(32), Tamil Nadu and Karnataka (25 each), Bihar (17), Madhya
Pradesh (15), Rajasthan (14) Punjab (13), Gujarat (12), West
Bengal (11), Haryana (9) and Delhi (7).

The richest MP in the present Lok Sabha is Nageswar
Rao from Telug Desham Party (TDP) from Khammam seat in Andhra
Pradesh. The worth of assets declared by him is about Rs 173
crore, the report said.

Naveen Jindal of Congress is the second richest MP
with assets worth about Rs 131 crore. The third richest MP is
L Rajagopal from Congress from Vijaywada with assets worth Rs
122 crore.

PTI

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